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Sep 04, 2012, 10.24 AM IST
Mahindra and Mahindra (M&M) is a safe bet, says PN Vijay, Portfolio Manager. Right now its looks the best because it has recovered smartly and secondly if you looked at its August numbers, there is robustness in the commercial vehicle side and there is great weakness in the tractor side.
Vijay told CNBC-TV18, "Right now Mahindra and Mahindra looks the best because it has recovered smartly and secondly if you looked at Mahindra’s August numbers, there is robustness in the commercial vehicle side and there is great weakness in the tractor side."
He further added, "Tractors are mostly used about 75% of the tractor usage is in the north western states of Punjab, Haryana and so on. There has been a pretty strong revival of monsoon in these areas last one month. So it is possible that tractor sales have bottomed out. So all these things considered and the valuations for Mahindra like most other companies tracking the Indian economy are very attractive. So the safest bet probably in this whole pack without Tata Motors global risks etc. would be M&M."
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