Buy Mahindra and Mahindra, target Rs 2000: Prakash Gaba

Prakash Gaba of prakashgaba.com told CNBC-TV18, "Mahindra and Mahindra (M&M) is more like a portfolio stock. When I look at the monthly chart, it tells me that it is stretched on the downside. Now you buy and hold; don’t even look at the price everyday and continue going up. I think I have a target of around Rs 2,000 but that will take its own sweet time, Rs 1,320 could be a stop loss on the upper regions at target closer to around Rs 80 or so. However, I would view M&M purely as bias on the upside."At 12:41 hrs Mahindra and Mahindra was quoting at Rs 1,358.40, up Rs 13.30, or 0.99 percent. It has touched an intraday high of Rs 1,368.50 and an intraday low of Rs 1,350.