Showing posts with label M&M. Show all posts
Showing posts with label M&M. Show all posts

Thursday 22 November 2018

Nifty और SENSEX की पॉजिटिव ओपनिंग

Nifty और SENSEX की पॉजिटिव ओपनिंग के बावजूद शुरूआती कारोबार में सुस्ती है।खुलने के बाद निफ्टी ने 10,626 तक दस्तक दी जबकि सेंसेक्स 35,314 तक पहुंचा। फिलहाल बीएसई का 30 शेयरों वाला प्रमुख इंडेक्स सेंसेक्स 123.74 अंक की बढ़त के साथ 35332.44 पर और 50 शेयरों वाला प्रमुख इंडेक्स निफ़्टी  40.15 क की बढ़त के साथ 10640 के करीब  कारोबार कर रहा है। 
टॉप गेनर : TECHMYESBANKZEELTCSONGC
टॉप लूज़र : BHARTIARTLINFRATELHINDPETROM&MSBIN


Thursday 14 December 2017

M&M heads higher after unit sells part stake in CIE Automotive

Stocks, M&M, stock in focus, Best stock tips, Stock to watch, Top Advisory, Money Maker Research
Shares of Mahindra & Mahindra (M&M) rose 0.88 percent to Rs 1,425 at mid noon hours on BSE after the company said that its wholly owned subsidiary MOICML (Mahindra Overseas Investment Company-Mauritius) on 13 Dec 2017, sold 64.50 lakh shares, representing 5 percent of the share capital of CIE Automotive S.A. The average gross price was Euro 23.50/ share. The deal totaled Euro 151.58 million. Following the sale, MOICML's shareholding in CIE Automotive-SA would come down to 7.44% of its share capital. The transaction will facilitate diversification of investor base of CIE Automotive S.A.

Mahindra & Mahindra's net profit rose 24.8% to Rs 1,331.57 crore on 14 percent rise in net sales to Rs. 12,182.07 crore in Q2 Sept 2017 Year-on-Year.  Mahindra & Mahindra enjoys a leadership position in tractors and utility vehicles in India.

Monday 4 September 2017

Stock News - M&M Financial Services plans to raise up to Rs. 2,000 crore

Mahindra & Mahindra Financial Services Limited is preparing to raise Rs. 2,000 crore equity capital, said two persons aware of the matter. The company is exploring various routes for the proposed fund-raising, including a QIP (qualified institutional placement) and a private placement of shares with private equity investors. Mahindra finance has started discussion with investment banks and is expected to hire a banker soon to advise on the fund raise.

The company reported a 46 percent fall in net profit to Rs. 58.42 Cr in the QY FY 2017-18. The company had announced a net profit of Rs. 107.64 crore in the last fiscal, correspondingly.

M&M Financial Services had a network of 1183 offices and total assets under management (AUM) of Rs. 47,576 crore as on 30 June. A QIP will add Mahindra Finance to the long list of financial services companies that have opted for the route to raise funds this year.

Through the current year, there are 17 companies that have raised Rs. 34,181.5 crore, through QIP fund raising as per data from primary market. The fund raise will enhance the capital base of Non-Banking Financial Company and help boost its balance sheet. The company has witnessed a growth in its gross & net non-performing assets (NPA) and higher provisions for the same, as per company’s statement.

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