M&M shares end over 4% higher; mcap rises by Rs 3,376 cr

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.)