Prakash Diwan upbeat on M&M Financial

Prakash Diwan, Prakash Diwan's Wealth Circle is upbeat on Mahindra & Mahindra Financial Services.

Diwan told CNBC-TV18, “To us M&M Financials Services sounds a distinct opportunity. We saw once the numbers came through the stock reacted not so favourably. It has been a poor performer, underperformer. After the stock split I would believe there would be much more retail participation also adding. The ownership could probably see some improvement and that could definitely be a outlier. M&M Financials is distinctly is something that we really positive on and from current valuation it has become much more attractive from where it use to be about a month back.”