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Shares of Mahindra and Mahindra (M&M) hit a fresh all-time high today after the homegrown sports utility vehicle maker said that it recorded 1,00,000 bookings for the all-new Scorpio-N within 30 minutes- collecting around Rs 18,000 crore ($2.3 billion) on ex-showroom value. The large-cap stock reached an record high of Rs 1,247.60, rising up to 7.11 per cent against the previous close of Rs 1,164.75 on BSE. It opened with a gain of 2.6 per cent at Rs 1,195 today. M&M stock is trading higher than 5-day, 20-day, 50 day, 100-day and 200-day moving averages.Source: BusinessToday#ScorpioN
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