Mahindra and Mahindra (M&M) has moved higher by nearly 4% at Rs 922 on NSE after the company said its total tractors sales increased by 29% to 38,263 units in October.
The company had sold a total of 29,565 units in October 2012, M&M said in a filing with the BSE.
Domestic tractor sales were up 30% at 37,532 units as against 28,872 units in the same month last year. Exports were up 5% to 731 units as against 693 units in October last year.
Meanwhile, the company’s auto sector sales dipped 5% in October 2013 at 50,558 units compared to the same month last year mainly on account of a 15% decline in the sales of its passenger vehicles (UVs and Verito).
The stock opened at Rs 885 and hit a low of Rs 880 in early morning deals on NSE. A combined 2.72 million shares have changed hands on the counter so far on the NSE and BSE.
The company had sold a total of 29,565 units in October 2012, M&M said in a filing with the BSE.
Domestic tractor sales were up 30% at 37,532 units as against 28,872 units in the same month last year. Exports were up 5% to 731 units as against 693 units in October last year.
Meanwhile, the company’s auto sector sales dipped 5% in October 2013 at 50,558 units compared to the same month last year mainly on account of a 15% decline in the sales of its passenger vehicles (UVs and Verito).
The stock opened at Rs 885 and hit a low of Rs 880 in early morning deals on NSE. A combined 2.72 million shares have changed hands on the counter so far on the NSE and BSE.
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