M&M shares in focus on incorporation of new step-down subsidiary

Mahindra Susten has incorporated a new subsidiary, Ultrogen Hybren, for renewable energy production and sales. Ultrogen Hybren aims to engage in power generation, rooftop solar installations, and energy storage systems. M&M shares have seen significant growth over the last year and are expected to remain in focus. M&M shares closed 2.5% higher in the last session.