Mahindra & Mahindra Ltd: Trades in green, declares dividend
Auto player & manufacturer Mahindra & Mahindra Ltd traded in positive territory surging over 1% at Rs 1365.05 per share on BSE.
The board of directors of the company has recommended a dividend of Rs 13 per share on face value of Rs 5 each.
The stock has witnessed a spurt in volume by more than 2.40 times in Tuesday’s trade.
On NSE, the stock has attracted a traded volume of 2,223,721 shares and a traded value of Rs 30,299.09 lakhs in Tuesday’s trade.
As per market observers, the company has been maintaining a healthy dividend payout ratio of 21.36%.
On a yearly basis, the stock has underperformed BSE Sensex & BSE Auto index.
Stock view :-
Mahindra & Mahindra Ltd ended at Rs 1362, up by Rs 11.05 or 0.82% from its previous closing of Rs 1350.95 on the BSE.
The scrip opened at Rs 1360 and touched a high and low of Rs 1377.55 and Rs 1342.75 respectively. A total of 2397632(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 83906.48 crore.
The BSE group 'A' stock of face value Rs 5 touched a 52 week high of Rs 1508.8 on 09-Aug-2016 and a 52 week low of Rs 1141.8 on 02-Dec-2016. Last one week high and low of the scrip stood at Rs 1360.05 and Rs 1300.6 respectively.
The promoters holding in the company stood at 25.27 % while Institutions and Non-Institutions held 54.61 % and 14.83 % respectively.
The stock traded above its 50 DMA.
Mahindra & Mahindra Ltd :-
BSE 1,362.00 11.05 (0.82%)
NSE 1,361.10 1.05 (0.08%)
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