13/12/2024, 11:53:03 am

How M&M turned its fortunes around after being a 'bruised blue chip'

The Mahindra & Mahindra (M&M) stock has quadrupled since Anish Shah assumed leadership as Managing Director and CEO of Mahindra Group. When Shah took over in April 2020, the company was facing challenges and was what Motilal Oswal’s 29th Wealth Creation Study defines as a “bruised blue chip”—a fundamentally strong company that had lost over 50% of its market value.