Mahindra and Mahindra shares report 5% growth owing to rise in total sales for April

Mahindra and Mahindra shares report 5% growth owing to rise in total sales for April New Mahindra
author image Nikhil Puthran
Tuesday 05 May 2015, 15:33 PM

Shares of auto-maker Mahindra & Mahindra today gained nearly 5 per cent following a rise in total sales in April. M&M's stock ended the day 4.72 per cent higher at Rs 1,199.25 on the BSE. During the day, it gained 5.65 per cent to Rs 1,209.95.

Mahindra and Mahindra shares report 5% growth owing to rise in total sales for April

At the NSE, it went up by 5 per cent to close at Rs 1,202.50. Mahindra & Mahindra on Friday reported one per cent rise in total sales at 36,727 units in April this year. It had sold 36,288 units in the same month last year. In domestic market, M&M's sales were up by one per cent to 34,467 units last month as against 34,107 units in the same period of the previous year.

Exports were up four per cent at 2,260 units as compared to 2,181 units in the same period a year back. Sales of passenger vehicles, including Scorpio, XUV 500, Xylo, Bolero and Verito, stood at 18,314 units as compared to 18,148 units in April 2014, up one per cent. Meanwhile, in a strong broader market, the BSE benchmark Sensex ended at 27,490.59, up 479.28 points.

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