Mahindra & Mahindra lost 0.77% to Rs 1169.25 at 13:54 IST on BSE after net profit after exceptional items and tax rose 0.86% to Rs 896.90 crore on 3.5% growth in gross revenue to Rs 11764.70 crore in Q4 March 2014 over Q4 March 2013.
The Q4 result was announced during market hours today, 30 May 2014.Meanwhile, the S&P BSE Sensex was up 7.50 points or 0.03% at 24,241.65.
On BSE, so far 1.03 lakh shares were traded in the counter as against average daily volume of 87,000 shares in the past two weeks.
The stock was volatile. The stock lost as much as 1.34% at the day's low of Rs 1162.55 so far during the day. The stock rose as much as 2.3% at the day's high of Rs 1205.55 so far during the day.
There was an exceptional income of Rs 52.79 crore in Q4 March 2014 on sale of certain long term investments.
The Mahindra Group focuses on enabling people to rise through solutions that power mobility, drive rural prosperity, enhance urban lifestyles and increase business efficiency.
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