Another day of triple digit gains for the Dow
The company made the announcement after market hours on Tuesday, 18 December 2012.
Meanwhile, the BSE Sensex was up 115.38 points or 0.6% to 19,480.13.
On BSE, 5,276 shares were traded in the counter as against average daily volume of 32,674 shares in the past one quarter.
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The stock hit a high of Rs 1,114.95 and a low of Rs 1,098 so far during the day. The stock had hit a record high of Rs 1,151 on 12 December 2012. The stock had hit a 52-week low of Rs 590.10 on 28 December 2011.
The stock had outperformed the market over the past one month till 18 December 2012, surging 7.99% compared with the Sensex's 5.76% rise. The scrip had also outperformed the market in past one quarter, jumping 36.28% as against Sensex's 4.7% gain.
The large-cap company has equity capital of Rs 113.75 crore. Face value per share is Rs 10.
Mahindra & Mahindra Financial Services' (MMFSL) consolidated net profit jumped 41.1% to Rs 192.51 crore on 46.2% growth in total income to Rs 975.62 crore in Q2 September 2012 over Q2 September 2011.
MMFSL is one of India's leading non-banking finance companies (NBFC) with a pan India presence. Focused on the rural and semi-urban sector, it provides finance for purchases of utility vehicles, tractors and cars. MMFSL is part of the Mahindra Group.
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