Favourable analyst re-rating, anchored in the ‘core’ focus at M&M, had helped the stock gain 93% in the past two years, compared with a 20% climb for the Nifty 50 over the same period.
ET Intelligence Group: A slight alteration in Mahindra & Mahindra’s (M&M) capital allocation policy, which involved taking a 3.53% stake in RBL Bank in open market deals, is now being keenly tracked by investors of the leading automotive company, and the success of the policy could determine the medium-term trend in the stock that reduced non-core exposures to help boost market capitalisation over the past two years.Favourable analyst re-rating,
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