Mahindra & Mahindra rose 0.67% to Rs 567.05 at 10:16 IST on BSE, after the company said on Thursday, 11 September 2008, it has decided to transfer logistics business to its subsidiary Mahindra Logistics for Rs 32 crore.
The company made this announcement after trading hours on Thursday, 11 September 2008.
The stock hit a high of Rs 570 and a low of Rs 565 so far during the day. The stock has a 52-week high of Rs 872 on 1 January 2007 and a 52-week low of Rs 430 on 1 July 2008.
The company’s current equity is Rs 245.74. Face value per share is Rs 10.
The current price of Rs 567.05 discounts Q1 June 2008 annualized EPS of Rs 26.60, by a PE multiple of 21.32.
In May 2008, the company raised its vehicle prices in the range of 1.5% to 2.5% due to rise in input costs.
M&M’s net profit fell 16.7% to Rs 159.30 crore on 26.1% increase in net sales to Rs 3293.45 crore in Q1 June 2008 over Q1 June 2007.
The company is engaged in manufacturing and distributing automobiles and farm equipment.
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