Shares of Mahindra & Mahindra Limited (OTCMKTS:MAHMF – Get Free Report) fell 1.2% on Monday . The company traded as low as $31.65 and last traded at $31.65. 113 shares changed hands during trading, a decline of 85% from the average daily volume of 738 shares. The stock had previously closed at $32.05.
Mahindra & Mahindra Stock Down 1.2%
The company’s fifty day moving average price is $32.71 and its 200-day moving average price is $35.56.
Mahindra & Mahindra Company Profile
Mahindra & Mahindra Limited is a diversified Indian multinational corporation headquartered in Mumbai. Founded in 1945 by J.C. Mahindra, K.C. Mahindra and Malik Ghulam Muhammad, the company began as a steel trading enterprise before venturing into vehicle manufacturing in the 1960s. Over the decades, it has grown into one of India’s leading industrial houses, with a presence across several sectors including automotive, farm equipment, financial services and information technology.
In the automotive segment, Mahindra & Mahindra designs and manufactures a range of utility vehicles, sports utility vehicles, pickups and commercial trucks under the “Mahindra” and “SsangYong” brands.
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