Based on valuation of Tata Motors EV, what would be valuation of Mahindra Electric. It should be something similar based on investments they have made in the past. They are on verge of electrification of most of the new models.
A year of two down the the line current valuation of M&M can be justified just based on Mahindra EV and Tech M.
Looks like market has seen through this undervaluation this week.