Amit Kasat, Auto Analyst at Standard Chartered told CNBC-TV18, "The positive thing about Mahindra and Mahindra (M&M) today is its attractive volume growth. It has shown around 25 percent volume growth in Q1, which has taken over the decline that happened in the auto sector as well as on the other segments for the company."
"One needs to look this company from a conglomerate perspective and not from only auto perspective. The downside risk on the stock is very minimal. Saying this the upside also on the stock is very limited, so it will be range bound anywhere between Rs 900-1000 in the times to come," Kasat said.
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