Mahindra & Mahindra Limited (OTCMKTS:MAHMF – Get Free Report)’s share price was down 4.4% on Wednesday. The company traded as low as $29.41 and last traded at $29.41. 149 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 642 shares. The stock had previously closed at $30.75.
Mahindra & Mahindra Stock Down 4.4%
The firm’s 50-day moving average is $32.92 and its two-hundred day moving average is $32.98.
Mahindra & Mahindra Company Profile
Mahindra & Mahindra Ltd. is an India-based diversified company whose principal businesses include automotive manufacturing and farm equipment. Through its automotive operations, the company produces sport utility vehicles, multipurpose vehicles, commercial vehicles, pickup trucks and electric vehicles, as well as related automotive components and services.
Mahindra is also a major manufacturer of tractors and other agricultural machinery. Its broader group interests have included financial services, information technology, hospitality, logistics, real estate and renewable energy, although the company’s core operations are centered on mobility and farm equipment.
Founded in 1945 as Mahindra & Mohammed and renamed Mahindra & Mahindra in 1948, the company is headquartered in Mumbai, India.
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