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M&M's stock rises 5.57% in a week: Here's why
Business
Mahindra and Mahindra (M&M) just had a strong week on the stock market, rising 5.57% to close at ₹3,647.20 per share on Friday.
With its market cap now at ₹4.53 lakh crore, M&M's solid momentum reflects the growing excitement around India's auto sector.
Trading volume for M&M shot up to over 3.3 million shares
Trading volume for M&M shot up to over 3.3 million shares this week—nearly double its usual average—which points to a surge in investor interest.
The company posts an earnings per share of 110.41 and a price-to-earnings ratio of 33.03, showing it's profitable but also valued on the higher side.
One thing to note: M&M's stock is pretty sensitive to overall market swings, so expect some ups and downs if you're tracking it closely.