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Eying turnover of Rs 500 cr
Posted by :
rvk41
Mahindra and Mahindra, a renowned name of auto-mobile sector, which entered into the business of sale-purchase of pre-owned cars in 2007,
is eying the turnover of Rs 500 crore in the current fiscal.
"Market of sale-purchase of pre-owned cars was at least 20 times big than the market of new cars and we want to tab the market to double our current Acquired Turn Over of Rs 250 crore in the current financial year", Sharad Agarwal, General Manager, Sales (North) of the Mahindra First Choice Wheels Limited, a wing of Mahindra and Mahindra, told reporters while inaugurating a showroom of the company here today.
At present the company had 97 dealers in the country, which would be increased to 300 by 2013 apart from opening 27 super showroom for sale-purchase of at least one lakh cars, he added.
"The newly opened showroom of the company will display several brands of pre-owned cars and will function as a one-stop shop for all those wishing to either buy or sell a car. We will offer a wide range of services for customers, including purchase and sale of pre-owned cars, car finance and insurance, fitment of car accessories and assistance with paperwork and documentation," said Agarwal.
For information,with regards
rvk41...
Want to buy M&M
Posted by :
GT79I want to buy 10 shares of M&M, should I buy at current price? or wait will the price of this share will go down....
Target for M&M
Posted by : freind..M&M can correct to 960-970 lenels. Accumulate at those levels...
NSE Announcements on Mah and Mah
Posted by : MMB MessengerMahindra & Mahindra Employees Stock Option Trust has informed the Exchange vide its letter dated November 12, 2009 that "An intimation has been received from Mahindra & Mahindra Limited (the Company) today by Mr. Anand Mahindra, Mr Bharat Doshi and Mr. A. K. Nanda that 10,00,000 Ordinary (Equity) Shares of the Company have been allotted to them as the Trustees of Mahindra & Mahindra Employees Stock Option Trust (the Trust)". Further, Mahindra & Mahindra Employees Stock Option Trust has submitted to the Exchange disclosure in Form D under Regulation 13(4) of the Regulations, regarding details of change in shareholding of the Trustees of the Trust. The copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
NSE Announcements on Mah and Mah
Posted by : MMB MessengerMahindra & Mahindra Ltd. has submitted to the Exchange disclosure under Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 1992. The copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
Outlook of Mahindra & Mahindra stock, with personal holding.
Posted by : vrindakapurthe levels u see r justified till now because results were the best reported yoy qoq but is sustainable or not we have 2 see common sense tata mot maruti hero bajaj all 2/4 wheeler stocks had already run up beyond fundamentals m&m did not participate in the initial rally so in a way it was catching up it would continue to do so till 1080 to 1105 but the riskreward ratio after 1055 would be in favour of risk consindering a correction is expectedwatchout for 1082-1103 to sell and re-enter...
NSE Announcements on Mah and Mah
Posted by : MMB MessengerMahindra & Mahindra Ltd. has informed the Exchange vide its letter dated November 12, 2009, that: "The Company has pursuant to the approval of the Remuneration / Compensation Committee and the Board of Directors of the Company, today allotted 10,00,000 Ordinary (Equity) Shares of Rs.10 each to the Trustees of Mahindra & Mahindra Employees Stock Option Trust at a premium of Rs.714 per Share, making in the aggregate a total price of Rs.724 per Share, under the Mahindra & Mahindra Limited Employees Stock Option Scheme of the Company. This is in line with the approval of the Shareholders at the 54th Annual General Meeting held on 31st July, 2000 and the 58th Annual General Meeting held on 28th July, 2004 respectively. The aforesaid 10,00,000 Ordinary (Equity) Shares rank pari passu in all respects with the existing Ordinary (Equity) Shares of the Company"....
BSE Announcements on Mah and Mah
Posted by : MMB Messenger
Mahindra & Mahindra Ltd has informed BSE that the Company has pursuant to the approval of the Remuneration / Compensation Committee and the Board of Directors of the Company, on November 12, 2009, allotted 10,00,000 Ordinary (Equity) Shares of Rs. 10 each to the Trustees of Mahindra & Mahindra Employees Stock Option Trust at a premium of Rs. 714 per Share, making in the aggregate a total price of Rs. 724 per Share, under the Mahindra & Mahindra Limited Employees Stock Option Scheme of the Company.
This is in line with the approval of the Shareholders at the 54th Annual General Meeting held on July 31, 2000 and the 58th Annual General Meeting held on July 28, 2004 respectively.
The aforesaid 10,00,000 Ordinary (Equity) Shares rank pari passu in all respects
with the existing Ordinary (Equity) Shares of the Company....
future of mahindra
Posted by : bhatiavbkbkindly give next 3 month view,is the stock is going towards new high....
Outlook of Mahindra & Mahindra stock, with personal holding.
Posted by : smadidi
i have 300 shares of M&M, is it right time to book profits as the shares has touched Rs 1000/-, as there is posibility that there would be correction in the market, and one can re-enter this stock at lower levels. your suggestion, and till what price the price would go up or down.
Pls, suggest....
BSE Announcements on Mah and Mah
Posted by : MMB Messenger
Mahindra & Mahindra Ltd has submitted to BSE a copy of the Press Release dated November 09, 2009 titled "Mr. Anjanikumar Choudhari to retire as President, Farm Equipment Sector, Mahindra & Mahindra Ltd; Dr. Pawan Goenka, President - Automotive Sector to take on this
role as an additional responsibility"....
NSE Announcements on Mah and Mah
Posted by : MMB MessengerMahindra & Mahindra Ltd. has informed the Exchange regarding a press release dated November 09, 2009, titled "Mr. Anjanikumar Choudhari to retire as President, Farm Equipment Sector, Mahindra & Mahindra Limited; Dr. Pawan Goenka, President - Automotive Sector to take on this role as an additional responsibility". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
m&m - beta value
Posted by : boysiCan anybody please tell me why beta valve of M&M as well as other Auto stocks is so high. This sector is very risky for day trading....
M&M plans to launch a motorcycle
Posted by : pms.swastika
M&M plans to launch a motorcycle
M&M plans to launch a motorcycle next year. The company is also looking at acquisitions in the electronic scooter space.
Regards
Swastika PMS...
Target for M&M
Posted by : freind..
One Week Target for M&M 1030.....
HAPPY Trading............
