Rajesh Jain of Pranav Securities is of the view that one can accumulate Mahindra and Mahindra , M&M here onwards.
Jain told CNBC-TV18, "I would certain put M&M on the radar because there is tremendous value still waiting to be unlocked on the subsidiaries and through the introduction of the cars and a host of others exciting product launches. We know that M&M has a good story to sell, even at a time when the auto expectations could be muted. But having said that given the technical phase of the market at which we find ourselves, I would be greedy and really recommend that the investor waits for a further Rs 50-75 shave off before he gets into the stock. Otherwise one can start accumulating M&M here onwards. There is enough in the core fundamentals of the stock as well as in the subsidiaries to warrant a buy and hold."
