Portfolio Manager, PN Vijay is of the view that one can enter in Mahindra and Mahindra , M&M with a six-twelve months timeframe.
Vijay told CNBC-TV18, "Mahindra and Mahindra is one of India's best play in automobile sector with their Logan, they now across the board made a fantastic move into Scorpio, which paid them rich dividend from being a boring tractor company they are now full fledged automobile company. So it's again a pillar in automobile sector, the sector itself is having as you saw even a major like Tata Motors going through problems. The sector itself is having terrific pressure due to interest rates, so Mahindra is obviously succumbing to that. But Mahindra is a buy on decline, so it has declined post results. So one could enter Mahindra with a six-twelve months timeframe."
