M&M gains after revealing new compact SUV, KUV100

Mahindra & Mahindra rose 0.51% to Rs 1,253.25 at 15:15 IST on BSE after the company today, 18 December 2015, revealed its much awaited compact sport utility vehicle, Mahindra KUV100.

The company made the announcement during market hours today, 18 December 2015.

Meanwhile, the S&P BSE Sensex was down 198.18 points or 0.77% at 25,606.27.

On BSE, so far 41,305 shares were traded in the counter as against average daily volume of 83,435 shares in the past one quarter.

The stock hit high of Rs 1,258.20 and low of Rs 1,235.60 so far during the day. The stock had hit a record high of Rs 1,441.45 on 7 August 2015. The stock had hit a 52-week low of Rs 1,095 on 7 September 2015.

The stock had underperformed the market over the past one month till 17 December 2015, falling 3.22% compared with Sensex's 0.23% fall. The scrip had, however, outperformed the market in past one quarter, gaining 6.97% as against Sensex's 0.62% fall.

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

Mahindra & Mahindra (M&M) said KUV100 is powered by an all new engine, mFALCON, making its entry into the ground up petrol space. The numeric '100' represents the pecking order of the series which comes in below TUV300 and XUV500.

M&M's net profit declined 2.4% to Rs 923.56 crore on 1.8% decline in net sales to Rs 9121.79 crore in Q2 September 2015 over Q2 September 2014.

Mahindra Group enjoys a leadership position in tractors, utility vehicles, information technology, financial services and vacation ownership. In addition, Mahindra enjoys a strong presence in the agribusiness, aerospace, components, consulting services, defence, energy, industrial equipment, logistics, real estate, retail, steel, commercial vehicles and two-wheeler industries.

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