Mahindra & Mahindra Limited saw a significant boost in its market capitalization on October 8, 2024, with the stock rising by 2.30%. The stock opened at ₹3,074.00 and reached a high of ₹3,161.75, closing at ₹3,130.45, up from its previous close of ₹3,060.20.
As a result of this rise, Mahindra & Mahindra’s market capitalization surged by approximately ₹8,748 crores, bringing the total market cap to ₹3,89,280.48 crores. The company witnessed strong investor interest, with a traded volume of 28.50 lakh shares and a traded value of ₹886.27 crores.
This rise in stock price and market cap reflects the positive sentiment surrounding Mahindra & Mahindra, one of India’s leading players in the automotive sector. The company continues to benefit from strong demand for its passenger cars and utility vehicles, positioning it favorably in the Indian market.
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