UBS Securities positive on auto space

Suresh A Mahadevan, UBS Securities is positive on auto space.

Mahadevan told CNBC-TV18, "We are still positive on autos. I have Mahindra & Mahindra and Bajaj Auto in my portfolio and I think autos should do generally well. It will be based on by economic growth etc. The data points have been pretty good coming out of autos. So auto is something we are neutral on from a model portfolio perspective but analyst is quite positive still on Mahindra and Bajaj Auto." Mahindra and Mahindra trailing 12-month (TTM) EPS was at Rs 38.86 per share. (Sep, 2010). The stock's price-to-earnings (P/E) ratio was 20.36. The latest book value of the company is Rs 131.92 per share. At current value, the price-to-book value of the company was 6. The dividend yield of the company was 1.2%.