Mahindra and Mahindra shares drop 4.8% after block deals
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Mumbai: Shares in Mahindra and Mahindra Ltd fell as much as 4.8% on Thursday morning after 11.82 million shares changed hands in 24 block deals on BSE, according to Thomson Reuters data shows.
The block deals happened at an average price of Rs.1,162.24 per share, Thomson Reuters calculation shows. Shares are also pressured by the stock going ex-dividend on Thursday after earlier paying Rs.14 apiece.
M&M stock was trading down 2.9% at Rs.1,185 as of 11:19am, while the benchmark Sensex was trading flat at 25,550.
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