Stock Report

Mahindra's Farm Equipment Sector Sells 26094 Units in India during November 2021



Posted On : 2021-12-01 17:51:07( TIMEZONE : IST )

Mahindra & Mahindra Ltd.'s Farm Equipment Sector (FES), part of the Mahindra Group, today announced its tractor sales numbers for November 2021.

Domestic sales in November 2021 were at 26094 units, as against 31619 units during November 2020.

Total tractor sales (Domestic + Exports) during November 2021 were at 27681 units, as against 32726 units for the same period last year.

Exports for the month stood at 1587 units.

Commenting on the performance, Hemant Sikka, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, "We have sold 26094 tractors in the domestic market during November 2021. Degrowth over November 2020 is due to high base of last year and incessant rains in some states. Rural sentiments continue to remain positive on account of good Rabi sowing and high reservoir levels. Escalation in procurement for Kharif crop will bring steady cash flows, which is expected to boost tractor demand going forward. In the exports market, we have sold 1587 tractors, a growth of 43% over last year."

Shares of Mahindra & Mahindra Limited was last trading in BSE at Rs. 834.95 as compared to the previous close of Rs. 835.75. The total number of shares traded during the day was 135276 in over 4901 trades.

The stock hit an intraday high of Rs. 842.90 and intraday low of 823.85. The net turnover during the day was Rs. 112739200.00.

Source : Equity Bulls

Keywords

MahindraandMahindraLimited INE101A01026 FarmEquipmentSector SalesVolume November2021 Tractors