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Mahindra & Mahindra Ltd rises for third straight session

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The stock is quoting at Rs 948, up 1.59% on the day as on 12:49 IST on the NSE. Mahindra & Mahindra Ltd is up 40.65% in last one year as compared to a 17.85% jump in NIFTY and a 3.85% jump in the Nifty Auto index.

Mahindra & Mahindra Ltd is up for a third straight session today. The stock is quoting at Rs 948, up 1.59% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.23% on the day, quoting at 11444.4. The Sensex is at 37918.23, down 0.28%. Mahindra & Mahindra Ltd has gained around 1.83% in last one month.

 

Meanwhile, Nifty Auto index of which Mahindra & Mahindra Ltd is a constituent, has gained around 2.4% in last one month and is currently quoting at 10813.8, up 0.43% on the day. The volume in the stock stood at 21.74 lakh shares today, compared to the daily average of 21 lakh shares in last one month.

The benchmark August futures contract for the stock is quoting at Rs 953.25, up 1.76% on the day. Mahindra & Mahindra Ltd is up 40.65% in last one year as compared to a 17.85% jump in NIFTY and a 3.85% jump in the Nifty Auto index.

The PE of the stock is 25.87 based on TTM earnings ending June 18.

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First Published: Aug 10 2018 | 1:05 PM IST

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