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Mahindra & Mahindra Ltd drops for fifth straight session

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Capital Market

Mahindra & Mahindra Ltd is quoting at Rs 540, down 2.14% on the day as on 13:19 IST on the NSE. The stock tumbled 27.8% in last one year as compared to a 11.92% rally in NIFTY and a 12.83% fall in the Nifty Auto index.

Mahindra & Mahindra Ltd fell for a fifth straight session today. The stock is quoting at Rs 540, down 2.14% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.61% on the day, quoting at 11895.7. The Sensex is at 40348.02, down 0.56%.Mahindra & Mahindra Ltd has eased around 8.76% in last one month.Meanwhile, Nifty Auto index of which Mahindra & Mahindra Ltd is a constituent, has eased around 0.66% in last one month and is currently quoting at 8004.65, down 0.26% on the day. The volume in the stock stood at 17.12 lakh shares today, compared to the daily average of 36.02 lakh shares in last one month.

 

The benchmark November futures contract for the stock is quoting at Rs 543, down 1.59% on the day. Mahindra & Mahindra Ltd tumbled 27.8% in last one year as compared to a 11.92% rally in NIFTY and a 12.83% fall in the Nifty Auto index.

The PE of the stock is 15.46 based on TTM earnings ending September 19.

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First Published: Nov 22 2019 | 1:35 PM IST

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