M&M is expected to launch eight products in 2016 and kicking off the year will be the launch of Imperio.
Mahindra and Mahindra (M&M) is all set to launch its premium small commercial vehicle Imperio in Mumbai today. According to reports, M&M is expected to launch eight products in 2016 and kicking off the year will be the launch of Imperio.
Mr Pravin Shah, President & Chief Executive (Automotive), Mahindra & Mahindra Ltd will launch the vehicle at a media briefing in Mumbai later during the day.
Further details will be updated after the launch.
Mahindra & Mahindra Ltd ended at Rs. 1248.05, up by Rs. 3.85 or 0.31% from its previous closing of Rs. 1244.2 on the BSE.
The scrip opened at Rs. 1247 and touched a high and low of Rs. 1270.35 and Rs. 1238.6 respectively. A total of 804615(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 77515.43 crore.
The BSE group 'A' stock of face value Rs. 5 touched a 52 week high of Rs. 1441.45 on 07-Aug-2015 and a 52 week low of Rs. 1095 on 07-Sep-2015. Last one week high and low of the scrip stood at Rs. 1278 and Rs. 1238.6 respectively.
The promoters holding in the company stood at 25.56 % while Institutions and Non-Institutions held 54.91 % and 13.77 % respectively.
The stock traded above its 50 DMA.
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