Trending stocks: M&M shares gain nearly 1%

A total of 103,863 shares changed hands on the counter till 10:37AM (IST).

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Total market cap of the Mahindra & Mahindra Ltd. stood at Rs 57883.04 crore at the time of writing this report. 
NEW DELHI: Shares of Mahindra & Mahindra Ltd. traded 0.57 per cent up in Tuesday's trade at 10:37AM (IST). Around 103,863 shares changed hands on the counter.

The stock opened at Rs 462.2 and touched an intraday high and low of Rs 478.95 and Rs 462.2, respectively, in the session so far. Shares of the company of Mahindra & Mahindra Ltd. quoted a 52-week high of Rs 675.0 and a 52-week low of Rs 245.8.

Total market cap of the Mahindra & Mahindra Ltd. stood at Rs 57883.04 crore at the time of writing this report.


The company said its domestic sales stood at 9,076 units last month, down 79 per cent from 43,056 units in May 2019. In the passenger vehicles segment -- which includes utility vehicles, cars and vans -- it sold 3,867 vehicles in May as against 20,608 vehicles sold in the same month last year, down 81 per cent.


Key Financials
The company reported consolidated net sales of Rs 25019.86 crore for the quarter ended 31-Dec-2019, up 4.53 per cent from previous quarter's Rs 23935.93 crore and up 4.03 per cent from the year-ago quarter's Rs 26069.38 crore.
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The net profit for latest quarter stood at Rs 199.94 crore, down 84.74 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Mar-2020, DIIs held 9.9 per cent stake in the firm, while foreign institutional investors held 32.19 per cent and the promoters 18.83 per cent.


Valuation ratio
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According to BSE data, the stock traded at a price-to-earnings multiple of 26.86 and a price-to-book ratio of 1.1. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Mahindra & Mahindra Ltd. belongs to the Auto - Cars/UV/CV industry.
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