Mahindra & Mahindra Ltd down for fifth straight session

Mahindra & Mahindra Ltd is down for a fifth straight session today. The stock is quoting at Rs 2852.4, down 0.31% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.22% on the day, quoting at 22650.05. The Sensex is at 73281.69, up 0.22%.Mahindra & Mahindra Ltd has lost around 4.76% in last one month.Meanwhile, Nifty Auto index of which Mahindra & Mahindra Ltd is a constituent, has eased around 6.27% in last one month and is currently quoting at 24862.3, down 0.01% on the day. The volume in the stock stood at 11.02 lakh shares today, compared to the daily average of 26.82 lakh shares in last one month.

The benchmark October futures contract for the stock is quoting at Rs 2855.6, up 0.54% on the day. Mahindra & Mahindra Ltd tumbled 21.02% in last one year as compared to a 12.77% slide in NIFTY and a 8.81% fall in the Nifty Auto index.

The PE of the stock is 21.67 based on TTM earnings ending June 26.

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