Feb 14, 2013, 11.20 AM IST | Source: CNBC-TV18

Buy Mahindra and Mahindra, says Sukhani

Buy Mahindra and Mahindra, says Sudarshan Sukhani of It is standing at strong support.

Buy Mahindra and Mahindra , says Sudarshan Sukhani of It is standing at strong support.

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%.

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