Oct 10, 2013, 11.32 AM | Source: CNBC-TV18
Parag Thakkar, Head of Sales at HDFC Securities is of the view buy Mahindra and Mahindra with a long term view.
Parag Thakkar (more)
Head of Sales, HDFC Securities |
"This is a farm equipment business, which is going to grow in India specifically this year, year-to-date (YTD) volume growth is 22 percent. So any negativeness in the utility vehicle space will be clearly offset by farm equipment business where margins are better. Structurally from medium-term to long-term point of view, M&M remains the top Nifty buy," he added.
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