M&M slumps after block deals

Tags: Companies
Shares in Mahindra and Mahindra Ltd fall after 11.82 million shares changed hands in twenty-four block deals on the BSE exchange on Thursday morning, according to Thomson Reuters data shows.

The block deals happened at an average price of 1,162.24 rupees a share, Thomson Reuters calculation shows. Shares are also pressured by the stock going ex-dividend on Thursday after earlier paying 14 rupees a share.

M&M stock was trading down 2.6 percent to 1189.50 rupees as of 10:04 a.m.

EDITORIAL OF THE DAY

  • PSU banks can take a lesson from their private peers on disclosures

    The country’s top private lenders ICICI Bank and Axis Bank declared their fourth quarter earnings recently and both stepped up their asset quality d

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Tushar Gandhi

An unexplored side of rural enterprise

What is rural enterprise? Ask this qu­estion and 9 out ...

Rajgopal Nidamboor

Timeless idiom of mindful living

Each of us, according to scholar-historian Felipe Fernandez-Armesto, is familiar ...

Dharmendra Khandal

So, how do we define a 'vermin'?

These days there’s an ongoing debate whether to declare various ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture