M&M can test Rs 725-730: Arunesh Madan

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M&M can test Rs 725-730: Arunesh Madan

Mahindra and Mahindra (M&M) can test Rs 725-73, says Arunesh Madan, Augment Investment.

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Excerpts from Markets Midday on CNBC-TV18 Watch the full show » ALSO READ See previous views by Arunesh Madan See what other Experts & Brokerages are saying about Mah and Mah See messages about Mah and Mah

Mahindra and Mahindra (M&M) can test Rs 725-73, says Arunesh Madan, Augment Investment.

Madan told CNBC-TV18, "Mahindra and Mahindra has underperformed the auto sector as well as the market in this rally that we have seen from a level of 4500. I expect the stock to touch a level of Rs 725 to Rs 730 sometime within this week or within this month. My stop loss for the trade would be closer to a level of Rs 670."

The company's trailing 12-month (TTM) EPS was at Rs 43.36 per share. (Sep, 2011). The stock's price-to-earnings (P/E) ratio was 16.15. The latest book value of the company is Rs 167.46 per share. At current value, the price-to-book value of the company was 4.18. The dividend yield of the company was 1.64%.