/ M&M's Tractor Sales Go Up Stocks Up 1.4% ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Monday, 2 January 2017

Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), a part of the $ 17.8 billion Mahindra Group, announced that its domestic tractor sales for December 2016 were at 12,619 units, as against 11,686 units during December 2015. The total tractor sales (domestic + exports) during December 2016 were at 14,047 units, as against 12,868 units for the same period last year. Exports for the month stood at 1,428 units.

Commenting on the month’s performance, Rajesh Jejurikar, President and Chief Executive - Farm Equipment and Two Wheeler Division, Mahindra & Mahindra Ltd. said, “In December 2016, we had a growth of 8% over December 2015, with sales of 12,619 tractors in the domestic market. With good progress in Rabi sowing and increased MSPs, we expect to see the growth momentum to continue in the coming months. In the export market, we sold 1,428 tractors with a growth of 21% over December 2015."

Mahindra & Mahindra Ltd is currently trading at Rs 1201.4, up by Rs 16.95 or 1.43% from its previous closing of Rs 1184.45 on the BSE. The scrip opened at Rs 1185 and has touched a high and low of Rs 1209 and Rs 1171.1 respectively. So far 609475(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 73565.29 crore.

The BSE group 'A' stock of face value Rs 5 has touched a 52 week high of Rs 1508.8 on 09-Aug-2016 and a 52 week low of Rs 1092 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs 1188.6 and Rs 1142.05 respectively.

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