M&M gains after reporting Q1 results

Mahindra & Mahindra rose 0.71% to Rs 1,404.20 at 13:55 IST on BSE after net profit dropped 3.35% to Rs 852.20 crore on 3.5% decline in total income to Rs 9999.58 crore in Q1 June 2015 over Q1 June 2014.

The company announced results during market hours today, 7 August 2015.

Meanwhile, the S&P BSE Sensex was down 67.62 points or 0.24% at 28,230.51.

On BSE, so far 1.58 lakh shares were traded in the counter as against average daily volume of 61,532 shares in the past one quarter.

The stock hit a high of Rs 1,441.45 so far during the trading session, which is a record high for the stock. The stock hit a low of Rs 1,390.15 so far during the day. The stock had hit a 52-week low of Rs 1,106 on 10 February 2015.

The stock had outperformed the market over the past one month till 6 August 2015, rising 5.57% compared with Sensex's 0.32% gain. The scrip had also outperformed the market in past one quarter, gaining 20.31% as against Sensex's 5.92% gain.

The large-cap auto company has equity capital of Rs 310.55 crore. Face value per share is Rs 5.

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