STOCK MARKET

Shares of M&M Ltd Soars 1.19%

M&M Ltd fall at 1.15 per cent in 2022.

On November 24, Mahindra & Mahindra Ltd gained for a third straight session. The stock is quoting at Rs 1250.4, up 1.19 per cent on NSE. The benchmark NIFTY is up around 0.66 per cent. The Sensex is at 61932.34, up 0.69 per cent. Mahindra & Mahindra Ltd dipped around 2.42 per cent on October 22.

Meanwhile, the Nifty Bank index of which Mahindra & Mahindra Ltd went down around 1.15 per cent in October and is recently quoting at 12774.75, up 0.23 per cent. The volume in the stock stood at 11.62 lakh shares on November 24 compared to the daily average of 30.4 lakh shares on October 22.

In the November futures contract, the benchmark for the stock is quoted at Rs 1248.7, up 0.97 per cent. Mahindra & Mahindra Ltd is up 40.31 per cent in 2021 compared to a 4.86 per cent gain in NIFTY and a 13.83 per cent gain in the Nifty Bank index. At the end of September 2022, the PE of the stock is 24.43 based on TTM earnings.

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