Anand Mahindra Expresses as M&M Shares Cross Rs 2,000 Mark

Anand Mahindra Expresses as M&M Shares Cross Rs 2,000 Mark

Synopsis:

Anand Mahindra, the head of Mahindra and Mahindra Ltd (M&M), looks back at the company's journey as its shares pass the Rs 2,000 milestone. He remembers the tough times in 2019 when the stock price fell below Rs 500. Five years ago, M&M's chief financial officer set a big goal at the annual leadership conference: reaching Rs 2,000 by 2022. Although they missed the deadline, the stock finally hit the target recently, showing the company's resilience through the challenges of the pandemic. Mahindra is thankful for the dedication of M&M's teams and its group companies, who worked hard to bring the company back on track. Today, M&M shares closed at Rs 2,002.45 on the Bombay Stock Exchange, a huge jump from Rs 280 in April 2020.

Key Points:

1. Anand Mahindra reflects on M&M's journey as its shares exceed Rs 2,000.
2. Tough times in 2019 saw the stock drop below Rs 500.
3. CFO's ambitious target of Rs 2,000 by 2022 set at M&M's annual leadership conference.
4. Despite pandemic challenges, M&M shares surged over 612% since April 2020.
5. Mahindra credits resilience and teamwork for achieving the milestone.

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