Mahindra & Mahindra (M&M), a passenger, commercial and utility vehicles maker witnessed a rise in share price on Friday after it reported its second quarter earnings. It reported a 4.33% fall in net profit to Rs 9.47 billion for the quarter ended Sept. 30, 2014 as against Rs 9.89 billion in the last year period.
During the quarter, total income increased 6.88% to Rs 95.44 billion from Rs 89.30 billion in the same period a year ago.
Shares of the company are trading at Rs 1,301.30, up Rs 13.7, or 1.06% at the Bombay Stock Exchange (BSE) on Friday at 2:25 p.m.
The scrip has touched an intra-day high of Rs 1,322.90 and low of Rs 1,285. The total volume of shares traded at the BSE is 138,134.