Feb 15, 2013, 11.39 AM | Source: CNBC-TV18
Sudarshan Sukhani of s2analytics.com is bullish on Mahindra and Mahindra (M&M).
Sudarshan Sukhani (more)
Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical
Sukhani told CNBC-TV18, "I am bullish on Mahindra and Mahindra (M&M) and it is matter of chance whether it goes up or not. I think M&M is not going to do something different from the Nifty. It is likely to outperform. Therefore, if the Nifty stays steady the chances are that M&M will give us an intraday trade on the long side. So, this is not a big commitment to go long on a positional basis.”
He further added, “However, certainly for a short-term trader M&M deserves attention if the Nifty is stable; consider autos and M&M is one of the better buys today."
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