The market capitalisation of Mahindra and Mahindra Ltd crossed Rs 2 lakh crore mark, helped by a strong order book in the SUV segment and leadership position in tractor segment.
M&M shares closed at Rs 1,636.85 on the BSE, giving the firm a market value of Rs 2.03 lakh crore, according to stock exchange data.
The automaker’s market cap has doubled in less than one-and-a-half years – from Rs 1 lakh crore in April 2022 to over Rs 2 lakh crore this week. M&M market cap hit Rs 2 lakh crore mark on Monday.
The incremental m-cap in the last two years is more than the incremental market value the firm had over the last decade.
Capital allocation actions have led to an overall better financial performance with several non-accretive divestments completed, analysts said adding net cash is at all-time high levels.
Mahindra’s auto and farm businesses are industry leaders and it is looking to capitalize on market leadership position. It is No. 1 revenue market share in the SUV segment and .
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