Buy Mahindra & Mahindra Financial Services: Kunal Saraogi

Kunal Saraogi of Equityrush told CNBC-TV18, "Mahindra & Mahindra Financial Services has broken out a fresh on the charts. It has a very clear trajectory. We have seen a big run in almost in every non-bank financial companies (NBFC). The stock is now catching up with the rest of the pack. It is broken out on the charts very decisively. Definitely merits are buy at the current levels. One should look at the target of about Rs 310-315 on this one and put a stoploss at Rs 295."

At 14:16 hrs Mahindra & Mahindra Financial Services was quoting at Rs 299.20, up Rs 6.25, or 2.13 percent. It has touched an intraday high of Rs 300.45 and an intraday low of Rs 293.60.

Disclosure: Analyst and his clients can have positions.