M&M Gains Post Stake Divestment By LIC


Mahindra & Mahindra was the top gainer in Nifty Auto index as of 0942 hours on Monday. Nifty Auto index was trading at 10,926 level, up by 34 points. Life Insurance Corporation (LIC) has sold its 2% stake in M&M on July 5. LIC now holds 9.96% in the company.

M&M was the top stock by volume in the Sensex. The total turnover traded on BSE in the stock stood at Rs 129.84 crore as of 0948 hours on Monday.

Other auto stocks like Tata Motors, Eicher Motors, Bosch Limited, Amara Raja Batteries and Hero MotoCorp were trading in the positive territory higher by up to 0.8% during Monday's morning hours.

Meanwhile, Nifty was trading at 9,898 level, up by 12 points and Sensex was trading at 32,091 level, up by 70 points.

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