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Shares of Mahindra & Mahindra (M&M) ended with over 4 per cent gains, adding Rs 3,376 crore to market valuation, after the company reported nearly 20 per cent growth in profit for January-March quarter.
The stock ended at Rs 1,416.35, up 3.99 per cent on the BSE. During the day, it soared 6.38 per cent to Rs 1,449.
On the NSE, the stock gained 4.10 per cent to close at Rs 1,416.95.
The company’s market valuation rose Rs 3,376.42 crore to Rs 87,968.42 crore.
In terms of volume, 2.26 lakh shares of the company were traded on the BSE and over 39 lakh shares changed hands on the NSE during the day.
The stock was the top gainer among Sensex and Nifty components.
Homegrown auto major M&M had yesterday reported a 19.93 per cent increase in its standalone profit-after-tax (PAT) at Rs 725.16 crore for the fourth quarter ended March 2017.
The company had posted a PAT of Rs 604.63 crore during the same period a year ago.
Its total income from operations during the fourth quarter rose to Rs 12,319.64 crore, up 4.04 per cent from Rs 11,840.47 crore a year earlier.
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