Mahindra and Mahindra share price rises to 4-year high | Here's why
India Today
Among the top movers, automaker Mahindra and Mahindra rose to a near four-year high.
Mahindra and Mahindra share prices on Monday jumped as the automaker led a jump of nearly two per cent in the Sensex and Nifty on Monday. Leading the gains on the Nifty 50, shares of Mahindra and Mahindra rose over four per cent after it reported a 47.8 per cent jump in consolidated net profit.
Among the top movers, automaker Mahindra and Mahindra rose to a near four-year high. Tata Motors gained 2.3 per cent after the automaker said it could acquire Ford India's plant in Gujarat, according to a Reuters report.
On Monday, the Sensex rose 1.94 per cent or 1,065.16 points at 55,949.82 and the Nifty 50 gained 1.86 per cent or 304.85 points to 16,657.30. This came after the market benefitted from an improvement in the global mood after China eased its Covid-19 curbs.
Mahindra and Mahindra share price on BSE rose 4.30 per cent or 41 points to Rs 994.20. On the NSE, the share price went up by 4.41 per cent or 42.05 points.
Mahindra and Mahindra share prices on BSE can be checked at https://www.bseindia.com/stock-share-price/mahindra--mahindra-ltd/mm/500520/ .
Mahindra and Mahindra reported a 21 per cent rise in consolidated revenue on year-on-year growth for the financial year 2021-22.
In terms of sales, Mahindra and Mahindra logged a 31 per cent growth in total vehicles sold.
