Mahindra & Mahindra share price gains 2.07% to ₹2,920.90 on October 16
Varda Khade
- 0 min read
Last Updated: 16th October 2026 - 05:58 pm
Key Takeaways
- Mahindra & Mahindra rose ₹59.20 or 2.07% to ₹2,920.90 and finished only ₹14.10 below its session high.
- The stock remained below all three moving averages, including the 50-day DMA of ₹3,053.90 and 200-day DMA of ₹3,194.50.
- Returns were negative across one, three, six and twelve months despite the 2.07% single-session rise.
Mahindra & Mahindra share price closed October 16 at ₹2,920.90, gaining ₹59.20 or 2.07%. The stock opened at ₹2,858 against a previous close near ₹2,862. It moved between ₹2,837 and ₹2,935, producing a sizeable ₹98 high-low range.
The share recovered ₹83.90 from its session low and ended only ₹14.10 below the high. From the opening level, Mahindra & Mahindra advanced ₹62.90. Volume reached 2,644,219 shares.
Despite the daily gain, the stock remained below all three main moving averages. The 50-day DMA stood at ₹3,053.90, leaving the close ₹133 lower. The 100-day DMA was ₹3,132.70, a difference of ₹211.80. Its 200-day DMA stood at ₹3,194.50, putting the final price ₹273.60 below the longer reference.
The 52-week range extended from ₹2,744 to ₹3,840. At ₹2,920.90, M&M was ₹176.90 above the annual low but ₹919.10 below the high. This left the share substantially nearer its 52-week lower end.
The displayed return periods were all negative. One-month performance stood at -3.58%, the three-month return at -5.25%, six-month performance at -10.31%, and one-year return at -16.48%. October 16 was different at the daily level, with a 2.07% gain, a strong recovery from the session low and a finish near the upper end of the ₹98 range.
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