Tag: domestic demand

M&M stock hits all time high on hopes of strong domestic demand

Monday, June 27, 2022
Shares of Mahindra & Mahindra hit a new high of Rs 1,095, up 2.3 percent on the BSE in Monday’s trade, and outperformed the market on a strong business outlook. In the past week, the stock rallied 12 percent, With this, M&M has zoomed 63 percent over three and a half months. Earlier, the stock had hit a 52-week low of Rs 671 on March 8, 2022.M&M is a conglomerate with a presence in auto, IT, financial services, logistics, hospitality, and real estate among others. At a standalone level, it is India’s largest tractor manufacturer with around 40 percent market share in FY22 and the second-largest commercial vehicle (CV) maker. The management said the company is witnessing strong bookings and have a robust pipeline. We announced the launch of Scorpio-N, which is generating very high-interest levels and promises to be yet another blockbuster from Mahindra. The company’s commercial vehicles have also registered strong growth across segments. . Read more