The stock erased all its gains and slipped into the negative terrain to touch a low of Rs 1,005. The stock finally ended at at Rs 1010, down 1% from its previous close. The counter clocked volumes of 136,077 shares as compared to the two-week daily average traded volumes of 147,279 shares on the BSE.
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(Updated at 1122hrs)
Mahindra & Mahindra is up as it has signed a joint venture agreement with Yueda Group to set up a tractor company with a combined investment of Rs 175 crore. Yueda Group is the second largest tractor producer company in China.
The stock opened at Rs 1,031 and soared to a high of Rs 1,038. The scrip is now trading at Rs 1,034, up 1% from its previous close. The counter clocked volumes of 44,328 shares as compared to the two-week daily average traded volumes of 147,279 shares on the BSE.