Mahindra & Mahindra Ltd slips for fifth straight session

7 Feb 2022 , 01:35 PM

Mahindra & Mahindra Ltd dropped for a fifth straight session today. The stock is quoting at Rs 829.45, down 1.46% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is down around 1.43% on the day, quoting at 17266.4. The Sensex is at 57737.44, down 1.55%.Mahindra & Mahindra Ltd has lost around 1.48% in last one month.Meanwhile, Nifty Auto index of which Mahindra & Mahindra Ltd is a constituent, has eased around 0.51% in last one month and is currently quoting at 11560.6, down 1.01% on the day. The volume in the stock stood at 11.37 lakh shares today, compared to the daily average of 33.93 lakh shares in last one month.

The benchmark February futures contract for the stock is quoting at Rs 831.75, down 1.33% on the day. Mahindra & Mahindra Ltd tumbled 10.66% in last one year as compared to a 14.23% rally in NIFTY and a 3.46% spurt in the Nifty Auto index.

The PE of the stock is 37.22 based on TTM earnings ending September 21.

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