Mahindra & Mahindra Limited
ICICI Prudential Mutual Fund raised its stake in Mahindra & Mahindra Limited from 2.65% to 3.23% by purchasing 70,38,650 shares.
A diversified automobile manufacturer, Mahindra & Mahindra designs and produces vehicles across multiple segments including two-wheelers, three-wheelers, passenger cars, commercial vehicles, tractors, and earthmoving equipment. The company serves both domestic and international markets through its comprehensive product range. Its vertically integrated operations and broad presence across diverse automotive categories distinguish it as one of India's most diversified automobile manufacturers in the sector.
India's second-largest AMC by AUM with over Rs 9 lakh crore managed across 80+ schemes. Joint venture between ICICI Bank and Prudential plc. CIO S. Naren is one of India's most recognised value investors, known for contrarian macro calls and rotating across market caps well ahead of consensus. ICICI Pru's quarterly portfolio disclosures are among the most closely watched in the industry.