Bullish on Mahindra & Mahindra: Abhimanyu Sofat

Abhimanyu Sofat of IIFL told CNBC-TV18, "We continue to be bullish on Mahindra & Mahindra (M&M). Clearly the agriculture number which came yesterday for GDP shows that demonetisation impact on agriculture sector was not there as what people had expected. If you look at the business also, we do expect the tractor sales to be robust going forward as well.""Considering all those factors, one would be bullish on M&M at current valuations," he added.