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.
The company has marked the entry level P2 variant
Net Sales are expected to decrease by 3.3 percent
"A business transfer agreement has been executed b
Ssang Yong Motor Company signed a letter of intent