Mahindra & Mahindra (OTCMKTS:MAHMF) Stock Price Up 3.6% – Here’s Why

Mahindra & Mahindra Limited (OTCMKTS:MAHMFGet Free Report) shares traded up 3.6% during mid-day trading on Monday . The stock traded as high as $41.4099 and last traded at $41.4099. 689 shares were traded during mid-day trading, a decline of 59% from the average session volume of 1,695 shares. The stock had previously closed at $39.99.

Mahindra & Mahindra Stock Up 3.6%

The company’s 50 day moving average price is $41.15 and its 200 day moving average price is $38.42.

Mahindra & Mahindra Company Profile

(Get Free Report)

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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