Mahindra & Mahindra Ltd Share Price – NSE /  BSE

Automobile, Mid Cap

Mahindra & Mahindra announced that the newly launched Thar ROXX has registered 176218 bookings within 60 minutes of booking commencement at 11.00 am.

The unprecedented response reflects the broad appeal of Thar ROXX, captivating customers nationwide. With its head-turning design, refined driving experience, powerful performance, unmatched off-roading capability, top-tier safety features, spacious interiors, and advanced technology, Thar ROXX continues to set new benchmarks as a category disruptor in the SUV segment.

Deliveries of the Thar ROXX will commence on the auspicious occasion of Dussehra. Mahindra is grateful to its customers for the enthusiastic response and remains committed to prioritizing a seamless delivery experience. As deliveries begin, Mahindra will inform customers about their tentative delivery schedules in a phased manner over the next three weeks.

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Mahindra & Mahindra's Farm Equipment sector sold 44,256 tractors in month of September 2024 compared to 43,210 units in September 2023, higher by 2%.

Domestic tractors sales grew 3% (YoY basis) to 43,201 units while exports declined 10% (YoY basis) to 1,055 units in September.

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Mahindra & Mahindra achieved total sales of 87,839 units in month of September 2024 compared to 75,604 units in September 2023, higher by 16%.

Total sales comprise of domestic passenger vehicle sales of 51,062 units (higher by 24% on YoY basis) and domestic commercial vehicle sales of 33,750 units (higher by 6% on YoY basis).

Exports rose 25% to 3,027 units.

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Mahindra & Mahindra Ltd gained for a fifth straight session today. The stock is quoting at Rs 3124, up 1.07% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.35% on the day, quoting at 26094.2. The Sensex is at 85475.84, up 0.36%. Mahindra & Mahindra Ltd has risen around 12.34% in last one month.

Meanwhile, Nifty Auto index of which Mahindra & Mahindra Ltd is a constituent, has risen around 5.17% in last one month and is currently quoting at 26888.35, up 1.35% on the day. The volume in the stock stood at 20.17 lakh shares today, compared to the daily average of 29.46 lakh shares in last one month.

The benchmark September futures contract for the stock is quoting at Rs 3145, up 1.74% on the day. Mahindra & Mahindra Ltd is up 96.58% in last one year as compared to a 32.35% spurt in NIFTY and a 67.36% spurt in the Nifty Auto index.

The PE of the stock is 36.16 based on TTM earnings ending June 24.

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