Mahindra & Mahindra Limited (OTCMKTS:MAHMF – Get Free Report) fell 8% during mid-day trading on Wednesday . The stock traded as low as $30.10 and last traded at $32.00. 4,565 shares traded hands during mid-day trading, an increase of 541% from the average session volume of 712 shares. The stock had previously closed at $34.80.
Mahindra & Mahindra Stock Performance
The company’s 50 day moving average price is $34.31 and its two-hundred day moving average price is $38.01.
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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