Mahindra, Maruti likely to go up: PN Vijay

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Mahindra, Maruti likely to go up: PN Vijay

Investment Advisor, PN Vijay is of the view that Mahindra and Mahindra and Maruti Udyog should go up from current level.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » RELATED NEWS Buy M&M; target of Rs 913: SKP Research M&M May Auto sales up 50% to 18,116 units Enter in Bajaj Auto for long term: Sanju Verma Maruti equips new cars with anti-theft device ALSO READ See previous views by PN Vijay See what other Experts & Brokerages are saying about Mah and Mah See messages about Mah and Mah Mah and Mah BSE | NSE 28/05/12 Are Mutual Funds betting on Mah and Mah? Other Stocks in this news Maruti Suzuki India |

Investment Advisor, PN Vijay is of the view that Mahindra and Mahindra and Maruti Udyog should go up from current level.

Vijay told CNBC-TV18, "We have been wetting our feet for some time, ever since inflation started coming down from 6.5%. We have been buying Mahindra at lower levels and closer home; Maruti has always been a favorite because it manages to come out with very good products. Last year, it came out with some of the best products and this time also the SX4 is doing well. And so Mahindra and Maruti continue to be our safe bet, good plays in the auto space. This should go up because clearly the interest rates are softening and with monsoon coming, I think RBI will also do something in June-July. So we are betting on those two stocks."