Mahindra & Mahindra share price rises 1.34% to ₹3,070 on September 16

Key Takeaways

• Mahindra & Mahindra gained ₹40.50 or 1.34% to ₹3,070 after its ₹3,045 opening price also marked the session low.
• The three moving averages were tightly grouped between ₹3,245.40 and ₹3,258, all well above the closing price.
• Six-month return was positive at 4.74%, whereas one month, three months and one year remained negative.

Mahindra & Mahindra share price closed September 16 at ₹3,070, up ₹40.50 or 1.34%. The previous close was ₹3,030. M&M opened at ₹3,045, which was also the day's low, and advanced to ₹3,106 before giving back part of the rise.

The session range measured ₹61. The share finished ₹25 above the low and ₹36 beneath the high. It also gained ₹25 from the opening price. Volume reached 2,531,009 shares, while market capitalisation stood at ₹3,81,763 crore.

Its moving averages were tightly grouped but remained considerably above the final price. The 100-day DMA stood at ₹3,245.40, a gap of ₹175.40. The 50-day DMA was ₹3,249.30, leaving a ₹179.30 difference. At ₹3,258, the 200-day DMA was ₹188 above the September 16 close. Less than ₹13 separated all three average levels.

The 52-week range ran from ₹2,896 to ₹3,840. At ₹3,070, Mahindra & Mahindra was ₹174 above the annual low and ₹770 below the high. The day's ₹3,045 low remained ₹149 above the 52-week bottom. The latest price was therefore much nearer the lower endpoint of the annual band.

Returns were mixed. One month stood at -10.45% and three months at -2.05%. Six months moved into positive territory at 4.74%, while the one-year figure was -13.04%. The difference between six months and one year reached 17.78 percentage points.

September 16 produced a positive 1.34% close after the stock opened at its low. Even so, the final price remained well below the tightly clustered moving averages. Its annual-high distance was also much larger than the gap to the 52-week low. The positive six-month return was the only historical reading above zero among the four periods displayed.