Mahindra & Mahindra, India's biggest
utility vehicle manufacturer, fell on Thursday after finance
minister proposed increasing excise duty on sports utility vehicles
(SUVs).
P. Chidambaram proposed in the country's budget for the upcoming
financial year that the duty would increase to 30% from 27%. 
Shares ofthe companyare trading at Rs
875.50, down Rs 15.8, or 1.77% at the Bombay Stock Exchange (BSE)
on Thursday at 2:59 p.m.The scrip has touched an intra-day high of
Rs 901.65 and low of Rs 870.25. The total volume of shares traded
at the BSE is 120,423.In the earlier session, the shares gained
3.03%, or Rs 26.2, at Rs 891.30. Currently, the stock is trading
down 10.19% from its 52-week high of Rs 974.80 and above 40.81%
over the 52-week low of Rs 621.75.
Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 884.55 6.75 0.76 1 Month 896.40 (5.10) (0.57) 3 Months 944.85 (53.55) (5.67) 6 Months 765.15 126.15 16.49 1 Year 707.65 183.65 25.95 Note: Based on previous day closing price.
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