Mumbai: The market capitalisation (mcap) of Mahindra and Mahindra Ltd (M&M) crossed Rs2 lakh crore mark, helped by a strong order book in the SUV segment and leadership position in tractor segment.
M&M shares closed at Rs1,636.85 on the BSE, giving the firm a market value of Rs2.03 lakh crore, according to stock exchange data. The automaker’s market cap has doubled in less than one-and-a-half yeaRs- from Rs1 lakh crore in April 2022 to over Rs2 lakh crore this week. M&M market cap hit Rs2 lakh crore mark on Monday.
The incremental m-cap in the last two yeaRsis 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 leadeRsand it is looking to capitalize on market leadership position. It is No. 1 revenue market share in the SUV segment and has about 50 per cent market share of LCV.
