Kinetic Motor Company rose 1.35 per cent to Rs 30.30 on reports that Mahindra &amp; Mahindra (M&amp;M) signed a term sheet to acquire a 76 per cent stake in the company.

<tr><td><p class='TableClas'></p><P class='TableClas'> <DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>Kinetic Motors has a strong presence in this segment and owns brands such as Zoom, Nova and Kinetic Flyte. The counter witnessed a turnover of 72,281 shares as against the two-week average volumes of 12,299 shares, with 100 per cent delivery. The stock gained over 37 per cent in the last one month. </P></p></table>


Kinetic Motor Company rose 1.35 per cent to Rs 30.30 on reports that Mahindra & Mahindra (M&M) signed a term sheet to acquire a 76 per cent stake in the company.

Kinetic Motor in top gear following takeover buzz

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