M&M reclaims Rs 1-trn m-cap mark as stock surges 5%, hits over 2-yr high

The stock rallied 5% to Rs 817, its highest level since October 2018.

Mahindra & Mahindra on Wednesday regained the market-capitalisation (market-cap) of Rs 1-trillion after the firm's stock hit an over two-year high of Rs 817, surging 5 per cent on the BSE.  At 11:39 am, the company had a market-capitalisation of Rs 1.01-trillion, BSE data shows.

The stock of car and utility vehicles company was trading at its highest level since October, 2018. It hit a record high level of Rs 992 on August 30, 2018.

Thus far in the month of January 2021, M&M stock has soared 13 per cent after the company increased price in the tractor segment across models; and