M&M hits 52-week low after February auto sales numbers, recovers later

The stock, however, recovered its early morning losses to hit an intra-day high of Rs 467.95 following the company's disclosure that its domestic Farm Equipment Sector grew by 21% in February.

Shares of car-maker Mahindra and Mahindra hit a fresh 52-week low of Rs 444.6, down 2.5 per cent on the BSE on Monday, in an otherwise strong market, after the company's total sales in February plunged 42 per cent year-on-year (YoY). The sales stood at 32,476 units in the previous month, as against 56,005 units sold in the same month last year, M&M said in a statement.

In the passenger vehicles segment, which includes utility vehicles, cars and vans, M&M sold 10,938 vehicles in February this year as against 26,109 vehicles in the same month last year, a decline of 58