Mahindra & Mahindra (M&M) shares fell on Monday after the company announced a drop of 10.06% in auto sales to 37,869 units during May, 2014 as against 42,104 units sold in May 2013.
The passenger vehicles segment (which includes UVs and the Verito) sold 18,085 units in May 2014, as against 22,244 units during May 2013.
On the other hand, total tractor sales during May 2014 stood at 23,940 units, up 1.33% as against 23,626 units for the same period last year.
Shares of the company are trading at Rs 1,210.55, down Rs 19.95, or 1.62% at the Bombay Stock Exchange (BSE) on Monday at 10:01 a.m.
The scrip has touched an intra-day high of Rs 1,235 and low of Rs 1,208. The total volume of shares traded at the BSE is 14,806.
In the earlier session, the shares gained 4.43%, or Rs 52.15, at Rs 1,230.50. Currently, the stock is trading down 4.28% from its 52-week high of Rs 1,264.65 and above 63.26% over the 52-week low of Rs 741.50.