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Mahindra & Mahindra Ltd sees good buying support

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Capital Market
Last Updated : Mar 16 2022 | 1:17 PM IST

Mahindra & Mahindra Ltd is quoting at Rs 772.85, up 1.53% on the day as on 12:54 IST on the NSE. The stock is down 7.66% in last one year as compared to a 14.88% jump in NIFTY and a 1.59% jump in the Nifty Auto index.

Mahindra & Mahindra Ltd is up for a third straight session today. The stock is quoting at Rs 772.85, up 1.53% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is up around 1.49% on the day, quoting at 16912.1. The Sensex is at 56605.23, up 1.49%. Mahindra & Mahindra Ltd has slipped around 10.37% in last one month.

Meanwhile, Nifty Auto index of which Mahindra & Mahindra Ltd is a constituent, has slipped around 10.2% in last one month and is currently quoting at 10131.3, up 1.87% on the day. The volume in the stock stood at 10.43 lakh shares today, compared to the daily average of 38.78 lakh shares in last one month.

The benchmark March futures contract for the stock is quoting at Rs 774.7, up 1.75% on the day. Mahindra & Mahindra Ltd is down 7.66% in last one year as compared to a 14.88% jump in NIFTY and a 1.59% jump in the Nifty Auto index.

The PE of the stock is 23.51 based on TTM earnings ending December 21.

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First Published: Mar 16 2022 | 1:05 PM IST

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