M&M share price drop to 6%: Top loser of today’s Sensex, Nifty
M&M share price drop to 6%: Top loser of today’s Sensex, Nifty:
M&M share price: Mahindra & Mahindra Ltd is a multinational car manufacturing company located in Mumbai. The company reported a 6% downfall of their share price almost top losing in “Sensex” as well as “Nifty“. After the automaker company reported a 73% decrease in its consolidated net profit Year-on-Year for Q3.
The companies exceptional loss for this quarter. However, the total net profit stands at Rs 380 crore against Rs 554 crore items worth. This is quite opposite in the previous year with a consolidated net profit of Rs 1,396 crore. The share price of M&M company during this year is almost very low of Rs 536.45 with a 5.69% decrease. Whereas, in the previous year it was at Rs 568.80 on Bombay Stock Exchange (BSE).
The company stock reported a 7.75% loss in the last three consecutive sessions. The average one-week loss is almost 3% for one-month it was 0.85% and for one year it was 20%. The company stock price reports were high in the 50-day moving average but lower in 5, 20, 200-day moving average. The shares of the company market index i.e Sensex dropped almost 300 points on Monday.
However, the companies volume of shares from 0.85 lakh to 33.8 lakh are changed hands today. Today’s market suggests that the total 55% of participants offering against 45% bidding on the stock. The capitalization market for large scale companies stands at Rs 68,407.00 crore.
“The Q3 results of the company reported a consolidated net loss of Rs 554 crore, as against Rs 519 crore in the same quarter previous fiscal year”, M&M said.
The companies revenue growth was also fell down to 6% of Rs 12,120 crore as against Rs 12,893 crore in the same period last fiscal year. The operating margins of the company raise to 14.8% from 13.2% Year-on-Year.