Ganesha Ecosphere, Indraprastha Gas and RailTel Corporation of India to see some action today

Mahindra & Mahindra Ltd. | Automobiles - Passenger Cars | Automobiles | BSE: 500520 | NSE: M&M

23 May 2022 Evaluate

Ganesha Ecotech, a wholly owned subsidiary of Ganesha Ecosphere, has decided to set up a Spinning Mill Project at Temra, Tehsil - Bilaspur, District - Rampur (U.P.). The estimated capital expenditure for the above project is Rs 230.00 Crore. With the new project, the company expects to gain competitive advantage by forward integration to Ganesha Ecosphere’s product.

Indraprastha Gas is planning to invest about Rs 8,000 crore in the next five years to expand the city gas network of CNG stations and pipelines, taking environment-friendly fuel to household kitchens and factories. It is looking to expand in a big way in the districts of Uttar Pradesh, Rajasthan and Haryana, for which it has won a city gas license in recent bidding rounds.

RailTel Corporation of India has received work order from Defence R & D Organisation (DRDO) for Supply, Installation and Commissioning of DRDO Cloud Based Architecture/ On- Premise Cloud on DRONA at a total cost of Rs 36.99 crore (Including GST).

Tata Motors along with Energy Efficiency Services (EESL) has bagged a contract of delivering 50 Nexon EVs to ANERT (Agency for New and Renewable Energy Research and Technology) - a nodal agency for adaptation of sustainable E-mobility across Kerala under the Department of Power, Government of Kerala (GOK). These 50 EVs will be deployed across various department of Kerala state government.

Indiabulls Housing Finance has received approval for issuance and allotment of secured and/or unsecured, listed and/or unlisted, redeemable non-convertible debentures (NCDs), on private placement or public issue basis or otherwise, in one or more tranches, for an aggregate amount of up to Rs 5,000 crore. The board of directors at its meeting held on May 20, 2022 has approved the same.

Mahindra & Mahindra (M&M) has planned to launch all-new SUV 'Scorpio-N' on June 27. Its new sports utility vehicle codenamed Z101 will be known as 'Scorpio-N' and will be launched on June 27. The current Scorpio which has evolved over the last two decades as an iconic and a cult brand will continue as the 'Scorpio Classic'.

Spandana Sphoorty Financial has received approval to issue Secured, Unsubordinated, Rated, Transferable, Listed, Redeemable, Non-Convertible Debentures (NCDs) for a nominal value of up to Rs 10 lakh per debenture aggregating upto Rs 75 crore in three series on private placement basis. The Management Committee of the Board of Directors of the Company at its meeting held on May 21, 2022 has inter-alia considered and approved the same.

Mahindra & Mahindra Share Price

3260.80 -68.70 (-2.06%)

11-May-2026 09:46 View Price Chart

Peers

Company Name	CMP
Tata MotorsPassenger	348.95
Maruti Suzuki	13503.20
Mahindra & Mahindra	3260.80
Hyundai Motor India	1889.05
Mercury Metals	30.35
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Fiduciary-first advisory model.
As SEBI-registered IAs, we are legally and ethically bound to act in the best interests of our clients. We do not sell or distribute any financial products. This ensures our guidance is 100% unbiased and conflict-free.
Deep fundamental research + robust valuation discipline.
Built on more than 15 years of equity research, our framework combines quality assessment, intrinsic value estimation, and a sensible margin-of-safety approach.
Process—not predictions.
We don’t rely on guesswork or market timing. Instead, we focus on asset allocation, risk management, and long-term compounding.
Technology + Human Intelligence.
We believe a combination of both is essential for investing success. We constantly innovate and upgrade in-house tools, financial X-rays, and portfolio analytics so that our team of analysts and advisors are equipped with the best.
Partner with Clients.
We follow a DIWM (Do-It-With-Me) approach where we partner clients in setting goals, financial planning, educating on our investing process and share decision-enabling resources transparently with our clients who retain control on execution.

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

Investing in stocks, mutual funds, debt, and gold
Quality-at-Reasonable-Price way of investing in stocks
Constructing Direct Stock Portfolios with Core, Booster, and Amplifier stocks
A Mutual Fund Portfolio that delivers consistent out-performance and meaningful diversification (low overlap)
Periodic review and rebalancing
Clear Buy-Sell-Hold, and Position-sizing frameworks

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.