Mahindra & Mahindra (OTCMKTS:MAHMF) Shares Down 6.9% – Here’s What Happened

Mahindra & Mahindra Limited (OTCMKTS:MAHMF)’s share price traded down 6.9% during trading on Tuesday . The company traded as low as $38.5459 and last traded at $38.5459. 2,159 shares were traded during trading, an increase of 57% from the average session volume of 1,379 shares. The stock had previously closed at $41.4099.

Mahindra & Mahindra Price Performance

The business has a 50 day simple moving average of $41.13 and a 200-day simple moving average of $39.34.

About Mahindra & Mahindra

Mahindra & Mahindra Limited is a diversified Indian multinational corporation headquartered in Mumbai. Founded in 1945 by J.C. Mahindra, K.C. Mahindra and Malik Ghulam Muhammad, the company began as a steel trading enterprise before venturing into vehicle manufacturing in the 1960s. Over the decades, it has grown into one of India’s leading industrial houses, with a presence across several sectors including automotive, farm equipment, financial services and information technology.

In the automotive segment, Mahindra & Mahindra designs and manufactures a range of utility vehicles, sports utility vehicles, pickups and commercial trucks under the “Mahindra” and “SsangYong” brands.