Feb 14, 2013, 11.20 AM | Source: CNBC-TV18
Buy Mahindra and Mahindra, says Sudarshan Sukhani of s2analytics.com. It is standing at strong support.
Sudarshan Sukhani (more)
Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical
Sukhani told CNBC-TV18, "I would be a buyer in Mahindra and Mahindra. It is fair enough because that outperformance cannot continue for long. But the trend is still up. It is still one of the better stocks in a much better sector.”
He further added, “Autos, in any case is a better place to be in. So M&M at current levels is a buying opportunity. It is standing at strong support. It may not hold because if the Nifty cracks, nothing will hold. But it is still worth trying out.”
At 10:27 hrs Mahindra and Mahindra was quoting at Rs 895.55, down Rs 1.10, or 0.12%. It has touched an intraday high of Rs 902 and an intraday low of Rs 893.50.
The company's trailing 12-month (TTM) EPS was at Rs 43.36 per share. (Dec, 2012). The stock's price-to-earnings (P/E) ratio was 20.64. The latest book value of the company is Rs 197.18 per share. At current value, the price-to-book value of the company was 4.54. The dividend yield of the company was 1.4%.
The new version is equipped with 'Intelli-Hybrid'
The company, which is betting big on innovation an
In the final episode of Digitizing India, we look
Mahindra & Mahindra Ltd has informed BSE that the
The company would spend the money "to augment reso