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Mahindra and Mahindra Ltd (MAHM.BO)

MAHM.BO on Bombay Stock Exchange

1,370.00INR
18 Aug 2017
Change (% chg)

Rs5.65 (+0.41%)
Prev Close
Rs1,364.35
Open
Rs1,365.55
Day's High
Rs1,379.00
Day's Low
Rs1,364.50
Volume
15,248
Avg. Vol
145,243
52-wk High
Rs1,501.10
52-wk Low
Rs1,141.80

Latest Key Developments (Source: Significant Developments)

Mahindra Logistics Limited files for IPO
Friday, 4 Aug 2017 09:02am EDT 

Aug 4 (Reuters) - Mahindra And Mahindra Ltd :Mahindra Logistics Limited files for IPO.Mahindra Logistics says IPO includes offer for sale of upto 9.3 million shares by normandy holdings and up to 394,993 shares by Kedaara Capital Alternative Investment Fund.Mahindra Logistics says received in-principle approvals from the BSE and the NSE for the listing of the equity shares.Mahindra Logistics says Kotak Investment Banking, Axis Capital Ltd are book running lead managers to IPO.  Full Article

Mahindra and Mahindra approves offering of shares of Mahindra Logistics as part of proposed IPO
Friday, 4 Aug 2017 08:39am EDT 

Aug 4 (Reuters) - Mahindra And Mahindra Ltd :Says approved offering of up to 9.7 million shares of mahindra logistics held by co as part of proposed IPO.Filed DRHP for a public offer of up to 19.3 million shares, representing up to 27.49 pct of existing issued and paid-up share capital of MLL.  Full Article

India's Mahindra & Mahindra June-qtr profit down about 20 pct
Friday, 4 Aug 2017 04:06am EDT 

Aug 4 (Reuters) - Mahindra And Mahindra Ltd :June quarter net profit 7.66 billion rupees - TV.Mahindra And Mahindra Ltd consensus forecast for June quarter profit was 8.93 billion rupees.June quarter revenue from operations 123.36 billion rupees versus 119.43 billion rupees last year.The profit alert was first sourced from TV and later confirmed from a company press release on the Bombay Stock Exchange..  Full Article

India's Mahindra & Mahindra July total sales up 5.8 pct
Tuesday, 1 Aug 2017 04:09am EDT 

Aug 1 (Reuters) - Mahindra & Mahindra Ltd :July total sales of 41,747 units versus 39,458 units last year.Says July passenger vehicle sales of 20,962 units versus 17,356 units last year.Says July domestic sales of 39,762 units versus 35,305 units last year.July exports of 1,985 units versus 4,153 units last year.Says July domestic tractor sales of 17,682 units versus 16,452 units last year.  Full Article

Mahindra and Mahindra approves sale of part of shareholding in Mahindra Logistics
Tuesday, 13 Jun 2017 08:11am EDT 

June 13 (Reuters) - Mahindra and Mahindra Ltd :Says approved sale of a part of its shareholding in Mahindra Logistics Limited.  Full Article

India's Mahindra and Mahindra May total sales up 3 pct
Thursday, 1 Jun 2017 03:43am EDT 

June 1 (Reuters) - India's Mahindra and Mahindra Ltd :May total sales of 41895 units versus 40,656 units last year.Says May passenger vehicle sales of 20290 units versus 19,635 units last year.Says May domestic sales of 40602 units versus 36,613 units last year.May exports of 1293 units versus 4,043 units last year.Says May domestic tractor sales of 24575 units versus 22,148 units last year.Given favourable monsoon projections,focused investment in rural sector, co has robust outlook for future which is expecetd to spur demand.  Full Article

Mahindra and Mahindra seeks members' nod for appointing Pawan Goenka as MD
Tuesday, 30 May 2017 05:35am EDT 

May 30 (Reuters) - Mahindra and Mahindra Ltd :Seeks members' nod for appointment of Pawan Goenka as MD of co for 4 years .Seeks members' nod for appointing Anand G Mahindra as executive chairman.Seeks members' nod for appointment of Anand Mahindra as executive chairman of co for 5 years.  Full Article

India's Mahindra and Mahindra March-qtr PAT up about 20 pct
Tuesday, 30 May 2017 05:12am EDT 

May 30 (Reuters) - Mahindra And Mahindra Ltd :March quarter PAT 7.25 billion rupees.Mahindra and Mahindra Ltd consensus forecast for march quarter profit was 6.91 billion rupees.March quarter total income 123.20 billion rupees.PAT in march quarter last year was 6.05 billion rupees as per Ind-AS; total income was 118.40 billion rupees.Recommended dividend of 13 rupees per share.Continued lag in LCV<2T, 3 wheelers and 2 wheelers in quarter is indication of slower recovery in rural parts of country.Says outlook for 2017-2018 is "much more robust" with favourable domestic, global backdrop.  Full Article

Mahindra & Mahindra to launch next electric vehicle in second half of 2019
Wednesday, 24 May 2017 03:20am EDT 

May 24 (Reuters) - Mahindra & Mahindra Ltd :Exec says co will launch next electric vehicle in second half of 2019.  Full Article

Mahindra & Mahindra says co investing in developing long range, high speed electric vehicles
Wednesday, 24 May 2017 02:52am EDT 

May 24 (Reuters) - Mahindra & Mahindra Ltd ::Exec says co to increase battery assembly to 12000 units in a few months from 5000.Says investing in developing long range, high speed electric vehicles.To invest to ramp up manufacturing of electric vehicles, setting up charging stations, other components like batteries, motors.Exec says co has so far invested 6 billion rupees in EVs.Exec says to increase electric vehicles manufacturing capcity to 5000 a month over time from 400 currently.Exec says working with the india government on new policy for electric vehicles.Exec says 20 percent reduction in cost will help make electric vehciles commercially viable for company.Exec says need to increase the range of electric vehicles to about 200 kms.Exec says co to develop batteries for electric vehicles that will give a range of 400kms.Exec says co expects to have 8-10 percent share of total electric vehicles market in india in 4-5 years.Exec says co working on a 32 seater bus on electric batteries to be launched in a year or year and a half.  Full Article

BRIEF-Mahindra and Mahindra approves offering of shares of Mahindra Logistics as part of proposed IPO

* Says approved offering of up to 9.7 million shares of mahindra logistics held by co as part of proposed IPO