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BUSINESS
Shares of Mahindra & Mahindra (M&M) today ended with over 4 per cent gains, adding Rs 3,376 crore to market valuation, after the company reported nearly 20 per cent growth in profit for January-March.
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Updated : May 31, 2017, 04:46 PM IST
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Shares of Mahindra & Mahindra
(M&M) today ended with over 4 per cent gains, adding Rs 3,376
crore to market valuation, after the company reported nearly
20 per cent growth in profit for January-March.
The stock ended at Rs 1,416.35, up 3.99 per cent on BSE.
During the day, it soared 6.38 per cent to Rs 1,449.
At NSE, shares of the company gained 4.10 per cent to
close at Rs 1,416.95.
The company's market valuation rose by Rs 3,376.42 crore
to Rs 87,968.42 crore.
In terms of volume, 2.26 lakh shares of the company were
traded on BSE and over 39 lakh shares changed hands at NSE
during the day.
The stock was the top gainer among Sensex and Nifty
components.
Homegrown auto major M&M yesterday reported a 19.93 per
cent increase in its standalone profit-after-tax (PAT) at Rs
725.16 crore for the fourth quarter ended March 2017.
The company had posted a PAT of Rs 604.63 crore during
the same period a year ago.
Its total income from operations during the fourth
quarter rose to Rs 12,319.64 crore, up 4.04 per cent from Rs
11,840.47 crore a year earlier.
(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)
