
M&M share up 2% on acquiring Sampo Rosenlew Oy; rises 76% in 4 months
Shares of Mahindra & Mahindra (M&M) rose after the company acquired a 100% stake in Finland-based combine harvester firm Sampo Rosenlew Oy
Shares of Mahindra & Mahindra (M&M) rose after the company acquired a 100% stake in Finland-based combine harvester firm Sampo Rosenlew Oy
UK-based British International Investment (BII) will invest up to ₹1,925 crore into a new subsidiary of M&M which will focus on four-wheel passenger electric vehicles.
Mahindra & Mahindra shares rallied 5.6% to hit a fresh life-time high of ₹1,006.70 on the BSE as investors cheered its Q4 results.
The Sensex and Nifty are set to start the week on a bearish note, following weak cues from Asian peers and negative trends at SGX Nifty futures.
The Sensex and the Nifty ended higher for the third session on Wednesday, driven by strong buying in realty and banking stocks as well as firm Asian cues.
Titan Company, Maruti Suzuki India, Asian Paints, Mahindra & Mahindra and Hindustan Unilever were among the top five losers on the BSE Sensex, falling up to 5%.
Barring Maruti and Hyundai Motor India, most of other auto companies reported growth on a year-on-year basis in February 2022.
The BSE Sensex and the NSE Nifty are expected to open lower on Friday as a record spike in U.S. inflation and hawkish comments from a Federal Reserve official dragged global equities lower.
The BSE Sensex and the NSE Nifty are expected to open higher on Thursday ahead of interest rate decision by RBI's monetary policy committee.
SBI topped the BSE Sensex losers’ chart by falling 2%, followed by Mahindra & Mahindra, NTPC, Kotak Mahindra Bank and Wipro, among others.