Published By : Khetigaadi Team 90
(M&M) Farm Equipment Sector (FES) sold 18,978 tractors in February 2019, down 8% yoy (down 15% mom). The absolute volume sold was lower than Bloomberg Quint’s survey gauge of 20,300 tractors.
M&M sold 18,105 tractors in the residential market, down 7% yoy (down 14% mom). It traded 873 tractors, down 28% yoy (down 31% mom).
The volume development rate for M&M tractors (up 1% yoy) was lower contrasted with peer Escorts which announced 12% yoy volume development in February 2019.
Mahindra and Mahindra Ltd is right now exchanging at Rs649 up by Rs2.45 or 0.38% from its previous closing of Rs646.55 on the BSE.
The scrip opened at Rs651.70 and has touched a high and low of Rs651.80 and Rs642 respectively.
So far 41, 80,367 (NSE+BSE) shares were exchanged on the counter.
The present market top of the organization is Rs80, 378.61cr.
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