Mahindra & Mahindra rose 3.26% to Rs 1,221.05 at 11:53 IST on BSE after the company said that its total auto sales rose 20% to 51,383 units in October 2015 over October 2014.
The company announced the sales volume data for October 2015 on Sunday, 1 November 2015.
Meanwhile, the S&P BSE Sensex was down 176.57 points or 0.66% at 26,480.26.
On BSE, so far 34,000 shares were traded in the counter as against average daily volume of 87,889 shares in the past one quarter.
The stock hit a high of Rs 1,236.50 and a low of Rs 1,202 so far during the day. The stock had hit a record high of Rs 1,441.45 on 7 August 2015. The stock had hit a 52-week low of Rs 1,095 on 7 September 2015.
The stock had underperformed the market over the past one month till 30 October 2015, sliding 6.2% compared with Sensex's 1.92% rise. The scrip had also underperformed the market in past one quarter, declining 10.2% as against Sensex's 3.78% fall.
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The large-cap company has equity capital of Rs 310.55 crore. Face value per share is Rs 5.
Mahindra & Mahindra's (M&M) domestic auto sales rose 21% to 48,815 units in October 2015 over October 2014. Exports rose 3% to 2,568 units in October 2015 over October 2014.
Separately, the company on 1 November 2015, said that its total tractor sales fell 12% to 28,081 units in October 2015 over October 2014. Domestic tractor sales dropped 11% to 27,280 units in October 2015 over October 2014. Exports dropped 28% to 801 units in October 2015 over October 2014.
M&M is scheduled to announce its Q2 September 2015 earnings on 6 November 2015. The company's net profit fell 3.4% to Rs 852.20 crore on 3% decline in net sales to Rs 9708.05 crore in Q1 June 2015 over Q1 June 2014.
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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