Buy Mahindra & Mahindra Financial on dips: SP Tulsian

Buy Mahindra & Mahindra Financial Services on dips, says SP Tulsian, sptulsian.com.

Tulsian told CNBC-TV18, "Mahindra & Mahindra Financial Services sold 12% odd for Rs 64 crore plus and I am really amazed to see this kind of valuation having been given. But if you go by the overall business model of M&M Financials, in fact two companies, one M&M Financials and second is Bajaj Finance, I am not talking about Bajaj FinServ which is a holding company of Bajaj Finance both these financial NBFCs have been really doing very well."
He further added, "I am not going merely on this news flow of sell of a minority or a small stake of 12% odd for Rs 64 crore, but even otherwise on a overall business model basis I am keeping a positive stance on the stock. But at the current price one should wait, because we have seen a good euphoria, having seen a good run up in the stock yesterday, so the investors having view of 3-4 months should really wait for the dips to buy the stock."