Mahindra & Mahindra rose 0.54% to Rs 1,207.65 at 09:45 IST on BSE, after the company announced the launch of its new heavy commercial truck series under the BLAZO brand.
The announcement was made after market hours yesterday, 4 February 2016.Meanwhile, the BSE Sensex was up 130.24 points, or 0.54%, to 24,468.67
On BSE, so far 2,892 shares were traded in the counter, compared with an average volume of 64,402 shares in the past one quarter. The stock hit high of Rs 1,210 and low of Rs 1,201.85 so far during the day. The stock hit a 52-week high of Rs 1,441.45 on 7 August 2015. The stock hit a 52-week low of Rs 1,095 on 7 September 2015.
The large-cap company has an equity capital of Rs 310.55 crore. Face value per share is Rs 5.
Mahindra Truck and Bus Division (MTBD), a division of Automotive and Farm sector of Mahindra Group yesterday, 4 February 2016, announced the launch of its new heavy commercial truck series under the BLAZO brand at the Auto Expo at Greater Noida. The BLAZO series of heavy commercial vehicles include multi-axle trucks, tippers and tractor trailers in the range of 25 to 49 ton GVW for the domestic market.
On 1 February 2016, M&M announced 10% rise in total auto sales to 43,789 units in January 2016 over January 2015. M&M's total tractor sales rose 1% to 15,065 units in January 2016 over January 2015.
M&M's net profit declined 2.4% to Rs 923.56 crore on 1.8% decline in net sales to Rs 9121.79 crore in Q2 September 2015 over Q2 September 2014.
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Mahindra Group enjoys a leadership position in tractors, utility vehicles, information technology, financial services and vacation ownership. In addition, Mahindra enjoys a strong presence in the agribusiness, aerospace, components, consulting services, defence, energy, industrial equipment, logistics, real estate, retail, steel, commercial vehicles and two-wheeler industries.
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