M&M ends nearly 5% up on strong April sales

Shares of auto-maker Mahindra & Mahindra on Monday gained nearly 5 percent following a rise in total sales in April.

Mumbai: Shares of auto-maker Mahindra & Mahindra on Monday gained nearly 5 percent following a rise in total sales in April.

M&M's stock ended the day 4.72 percent higher at Rs 1,199.25 on the BSE.

During the day, it gained 5.65 percent to Rs 1,209.95.

At the NSE, it went up by 5 percent to close at Rs 1,202.50.

Mahindra & Mahindra on Friday reported one percent rise in total sales at 36,727 units in April this year.

It had sold 36,288 units in the same month last year.

In domestic market, M&M's sales were up by one percent to 34,467 units last month as against 34,107 units in the same period of the previous year.

Exports were up four per cent at 2,260 units as compared to 2,181 units in the same period a year back.

Sales of passenger vehicles, including Scorpio, XUV 500, Xylo, Bolero and Verito, stood at 18,314 units as compared to 18,148 units in April 2014, up one percent.

Meanwhile, in a strong broader market, the BSE benchmark Sensex ended at 27,490.59, up 479.28 points.

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