Mahindra & Mahindra (OTCMKTS:MAHMF) Trading Down 5.1% – Here’s Why

Mahindra & Mahindra Limited (OTCMKTS:MAHMFGet Free Report) shares traded down 5.1% during trading on Friday . The company traded as low as $37.50 and last traded at $37.50. 420 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 1,020 shares. The stock had previously closed at $39.5050.

Mahindra & Mahindra News Roundup

Here are the key news stories impacting Mahindra & Mahindra this week:

Mahindra & Mahindra Price Performance

The company has a 50-day moving average of $40.03 and a 200-day moving average of $40.19.

Mahindra & Mahindra Company Profile

(Get Free Report)

Mahindra & Mahindra Limited is a diversified Indian multinational corporation headquartered in Mumbai. Founded in 1945 by J.C. Mahindra, K.C. Mahindra and Malik Ghulam Muhammad, the company began as a steel trading enterprise before venturing into vehicle manufacturing in the 1960s. Over the decades, it has grown into one of India’s leading industrial houses, with a presence across several sectors including automotive, farm equipment, financial services and information technology.

In the automotive segment, Mahindra & Mahindra designs and manufactures a range of utility vehicles, sports utility vehicles, pickups and commercial trucks under the “Mahindra” and “SsangYong” brands.

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