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M&M drops amid volatility after Q3 results

Capital Market/ 14:15 , Feb 14, 2014

Mahindra & Mahindra lost 1.19% to Rs 895.90 at 14:14 IST on BSE after net profit rose 11.7% to Rs 934.06 crore on 1.82% decline in total income to Rs 10650.32 crore in Q3 December 2013 over Q3 December 2012.

The Q3 result was announced during trading hours today, 14 February 2014.

Meanwhile, the S&P BSE Sensex was up 2.07 points or 0.01% at 20,195.42.

On BSE, so far 80,000 shares were traded in the counter as against average daily volume of 81,718 shares in the past one quarter.

The stock was volatile. The stock lost as much as 2.15% at the day's low of Rs 887.15 so far during the day. The stock rose as much as 0.81% at the day's high of Rs 914 so far during the day. The stock had hit a record high of Rs 1,026.45 on 20 May 2013. The stock had hit a 52-week low of Rs 741.50 on 28 August 2013.

The stock had outperformed the market over the past one month till 13 February 2014, advancing 1.98% compared with the Sensex's 4.45% fall. The scrip had also outperformed the market in past one quarter, rising 1.27% as against Sensex's 0.01% fall.

The large-cap company has equity capital of Rs 307.94 crore. Face value per share is Rs 5.

The Mahindra Group operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology and vacation ownership. In addition, Mahindra enjoys a strong presence in the agribusiness, aerospace, components, consulting services, defence, energy, financial services, industrial equipment, logistics, real estate, retail, steel and two wheeler industries.


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