Rahul Mohindar of Viratechindia is of the view that Mahindra and Mahindra is a much safer bet.

Mohindar told CNBC-TV18, "I feel M&M is a much safer bet, we are looking at a fairly decent upside whether you look at a short or medium term on this stock."

He further added, "I am not very comfortable for Hero Honda at these levels; you could do another Rs 50-60 here and there but I think this is a point where I would pull out of Hero Honda."