Mahindra & Mahindra shares surged over 3% to an intra-day high of Rs 2,837.65 after the company launched the 5-door Thar Roxx. The company set the ex-showroom price for the entry-level SUV is Rs 12.99 lakh for the petrol version and Rs 13.99 lakh for the diesel version.
The stock of the company was the top gainer in the Nifty 50, followed by Tata Motors, uplifting the overall sentiments for the whole Nifty Auto. All the constituents of the sectoral index were trading in the green, except for TVS Motors.
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Mahindra & Mahindra touched its 52-week high of Rs 3,013.50 on June 18, 2024, still 5.8% higher from Friday’s day high. The upper band for the stock is placed at Rs 3,019.75.
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Shares of Anand Mahindra-led company have risen 0.6% in the last four trading sessions. It has given a return of Rs a bit over 2% in the last one month and almost 54% in the past six months. The stock of the company has raised investor’s worth by 79% in the last one year.
On Friday, the Nifty Auto was up 1.2% as of 1000 IST, however, in the last four sessions the sectoral index had fallen 0.85%. In the last one month, the auto index erased investors’ money by 0.25%, meanwhile, it has risen almost 25% in the past six months. It has given a return of 65% in the last one year.
The benchmark, Nifty 50, index has fallen 0.4% in the last five days.