Buy Mahindra and Mahindra: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Mahindra and Mahindra (M&M) is going to make life time new highs but for the day of course there are short-term targets, there is no need to get carried away but M&M is a nice chart. It pulled back, it has resumed its uptrend and there is a day trading target and for somebody who wants to build a position it is a nice stock to be in."

At 10:21 hrs Mahindra and Mahindra was quoting at Rs 915.95, up Rs 20.65, or 2.31 percent. It has touched an intraday high of Rs 917.90 and an intraday low of Rs 906.85. The share touched its 52-week high Rs 1,026.45 and 52-week low Rs 741.50 on 20 May, 2013 and 28 August, 2013, respectively. Currently, it is trading 10.77 percent below its 52-week high and 23.53 percent above its 52-week low. Market capitalisation stands at Rs 56,412.66 crore.