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.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Banks must learn from past mistakes to promote financial inclusion

    Prime minister Narendra Modi launched a massive financial inclusion programme yesterday titled “pradhan mantri jan dhan yojana’ (PMJDY), that will

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Tushar Gandhi

Could prohibition mean profiteering?

In the mid 1930s, an American journalist asked Bapu if ...

Zehra Naqvi

The five universal languages of love

Love is a universal language. Don’t we all believe that? ...

Dharmendra Khandal

Time to protect our endangered wildlife species

After 65 million years of existence, the earth’s biodiversity is ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture