Business Standard

M&M at record high after robust November sales

The company registered 18% year-on-year rise in auto sales at 48,143 units during November 2012.

Read more on:    Auto | M&m | Tata Motors
Related News

Mahindra and Mahindra (M&M) is trading at its all time high on Monday after  country's biggest sports utility vehicle maker, registered 18% year-on-year rise in sales during November.

India's largest manufacturer of utility vehicles and SUVs sold 48,143 units in November compared to 40,722 units sold during corresponding period a year earlier.

“The company’s domestic sales stood at 46,755 units during November 2012, as against 38,159 units during November 2011, an increase of 23%,” M&M said in a press release.

The passenger vehicles segment (which includes the UVs and Verito) registered a growth of 38%, having sold 24,604 units in November 2012, as against 17,813 units during November 2011, it added.

The stock opened at Rs 950 and is trading higher by around 2% at Rs 962 on the BSE. So far, a combined 228,772 shares of Mahindra and Mahindra have changed hands on the counter on both the exchanges.

Read more on:   
|
|

Read More

Two entities fail to make prima facie case to revoke ban: Sebi

The Securities and Exchange Board of India (Sebi) today said the restraining order on two entities, related to plunge in some mid-cap stocks in July, ...

Quick Links

 

Market News

Markets pare gains on profit taking; ONGC dips 1%

Sensex is down 8 points at 26,411 and the Nifty has dipped 6 points to trade at 7891.

Just Dial gains after board nod for hiking FII limit

The board also approved acquisition of just Dial Inc. from Just Dial Global Private Limited.

Is the market's bull run sustainable?

If earnings do not perform as expected, and confidence in the new government collapses, a sharp correction might be on the cards

Pre- market: Five stocks to watch out

The early indicator, SGX Nifty was down 18 points at 7,896 at 0820 hrs

Ministry asks Sebi to explain stricter governance norms

While most of Sebi's new norms are aligned to changes in Companies Act, they are more stringent in certain areas

Back to Top