For the tremendous growth seen by the Mahindra group, from a turnover of around USD 1.35 billion a decade ago, to USD 16.2 billion today. The group is now a federated structure, and not a centralised conglomerate.
The company presently manufactures eight-seater -- GA8 utility aircraft, in its Australia-based companies Aerostaff and GrippsAero which it acquired in 2010 to get into the aviation sector.
SP Tulsian of sptulsian.com is positive on Mahindra Ugine. He feels the stock may move to a level of Rs 130-150 and this phenomenon will continue for quite some time.
Auto major Mahindra and Mahindra (M&M) is working on a plan to consolidate its component business under one holding company.