M&M shares slump after block deals

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Reuters
Last Updated : Jul 17 2014 | 12:20 PM IST

Reuters Market Eye - Shares in Mahindra and Mahindra Ltd fall after 11.82 million shares changed hands in twenty-four block deals on the BSE exchange on Thursday morning, according to Thomson Reuters data shows.

The block deals happened at an average price of 1,162.24 rupees a share, Thomson Reuters calculation shows. Shares are also pressured by the stock going ex-dividend on Thursday after earlier paying 14 rupees a share.

M&M stock was trading down 2.87 percent to 1186.50 rupees as of 12:04 a.m.

(Reporting by Abhishek Vishnoi)

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First Published: Jul 17 2014 | 12:04 PM IST

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