Mahindra & Mahindra rose 0.61% to Rs 902.45 at 14:20 IST on BSE after 0.39% equity changed hands in multiple bulk deals on the BSE today, 31 July 2013.
Multiple bulk deals were struck on the Mahindra & Mahindra (M&M) counter on BSE today, 31 July 2013. A bulk deal of 6.24 lakh shares was struck at Rs 905 per share at 12:23 IST. Second bulk deal of 8.75 lakh shares was struck at Rs 905 per share at 12:23 IST. Third bulk deal of 3 lakh shares was struck at Rs 905 per share at 12:56 IST. Fourth bulk deal of 1.99 lakh shares was struck at Rs 904.50 per share at 12:56 IST. Fifth bulk deal of 1.94 lakh shares was struck at Rs 901 per share at 13:23 IST. Sixth bulk deal of 2.08 lakh shares was struck at Rs 900 per share at 13:23 IST.
Meanwhile, the S&P BSE Sensex was up 5.68 points or 0.03% at 19,354.02.
On BSE, 26.79 lakh shares were traded in the counter as against average daily volume of 1.03 lakh shares in the past one quarter.
The stock was volatile. The stock rose as much as 1.9% at the day's high of Rs 913. The stock fell as much as 0.55% at the day's low of Rs 891. The stock had hit a record high of Rs 1,026.45 on 20 May 2013. The stock had hit a 52-week low of Rs 681.55 on 3 August 2012.
The stock had underperformed the market over the past one month till 30 July 2013, falling 7.2% compared with the Sensex's 0.24% fall. The scrip had also underperformed the market in past one quarter, sliding 2.82% as against Sensex's 0.80% fall.
The large-cap utility vehicles and tractors maker has equity capital of Rs 307.94 crore. Face value per share is Rs 5.
More From This Section
M&M's net profit rose 1.7% to Rs 889.19 crore on 12% growth in net sales to Rs 10353.38 crore in Q4 March 2013 over Q4 March 2012.
The Mahindra Group operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology and vacation ownership. In addition, Mahindra enjoys a strong presence in the agribusiness, aerospace, components, consulting services, defence, energy, financial services, industrial equipment, logistics, real estate, retail, steel and two wheeler industries.
Powered by Capital Market - Live News