M&M moves higher after powerful tractor deals

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Mahindra and Mahindra rose 2.86% to Rs 1,446.10 at 11:16 IST on BSE after the organization said its aggregate tractor deals rose 69% to 30,562 units in September 2016 over September 2015. 

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The organization declared the month to month deals volume information amid business sector hours today, 3 October 2016. 

In the interim, the S&P BSE Sensex was up 323.63 focuses or 1.16% at 28,189.59. 

On BSE, so far 62,000 shares were exchanged the counter as against normal day by day volume of 72,528 shares in the previous one quarter. The stock hit a high of Rs 1,450.50 and a low of Rs 1,402 so far amid the day. The stock had hit a record high of Rs 1,508.80 on 9 August 2016. The stock had hit a 52-week low of Rs 1,092 on 12 February 2016. The stock had failed to meet expectations the business sector in the course of the last one month till 30 September 2016, sliding 2.13% contrasted and 1.68% fall in the Sensex. The scrip had likewise failed to meet expectations the business sector in past one quarter, declining 1.61% as against Sensex's 3.21% ascent. 

The substantial top organization has value capital of Rs 310.55 crore. Face esteem per offer is Rs 5. 

Mahindra and Mahindra's (M&M) local tractor deals rose 70% to 29,035 units in September 2016 over September 2015. Sends out rose 48% to 1,527 units in September 2016 over September 2015. 

Independently, M&M declared on Saturday, 1 October 2016 that its vehicle deals rose 8% to 46,130 units in September 2016 over September 2015. Household deals rose 7.18% to 42,545 units in September 2016 over September 2015. Trades expanded by 14% to 3,585 units in September 2016 over September 2015. 

M&M's net benefit rose 12.4% to Rs 955.21 crore on 12.3% development in net deals to Rs 10898.08 crore in Q1 June 2016 over Q1 June 2015. 

M&M appreciates an initiative position in tractors and utility vehicles in India.

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