M&M gains on robust tractor export sales in April 2015

Shares of Mahindra & Mahindra were up over 3% at Rs 1,183 after the company reported strong growth in tractor exports during April 2015 compared with the same month last year.

Tractors exports grew 20% to 1,005 units in April 2015 compared with 836 units in April 2014, the company said in a release.

However, total tractor sales in April 2015 decreased 13% to 18,011 units compared with  20,731 units in the same month last year.

The stock opened at Rs 1,156 and touched a high of Rs 1,188. At 10:40AM, over 333,000 shares were traded on both the stock exchanges.