M&M gains on unveiling new tractor --- Yuvraj 215 NXT

   

     Mahindra and Mahindra (M&M) has launched its new tractor -- Yuvraj 215 NXT -- in Rajkot. The 15 HP tractor is compact, easy to operate and fuel-efficient with low operation cost, making it ideal for small landholdings.
     The company's objective is to increase fram productivity and enhance rural prosperity. The Yuvraj 215 NXT is part of its vision to deliver 'FarmTech Prosperity' to farmers in Gujarat through its multiple application featires. 
     Due to its compact size and adjustable rear track width, the tractor is an ideal one for driving through narrow lanes and is suitable for spraying operations for crops like soybean, grapes, cotton, groundnut, sugarcane and fruit orchards.
     Mahindra & Mahindra (M&M) is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company  is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.
     The promoters holding in the company stood at 25.25% while Institutions and Non-Institutions held 54.76% and 14.91% respectively.
     The BSE group'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1323.75 on 13-Aug-2014 and a 52 week low of Rs 741.50 on 25-Aug-2013.
     Mahindra & Mahindra (M&M) is currently trading at Rs 1318.35, up by 3.05 points or 0.23% from its previous closing or Rs 1315.30 on th BSE.