Amit Gupta of ICICIdirect told CNBC-TV18, "Mahindra & Mahindra Financial Services is a very neutral stock. We saw M&M Finance started moving up in the last one or two months. Before that it was a laggard, it was one of the cheapest stock in the NBFC space. Looking at the moment and looking at the delivery pickup and looking at how the open interest is shaping up, it seems that it is going to outperform its peers in the coming months."
"The level of Rs 300-290 has become a very base case scenario for this stock. It had fallen recently towards those levels and then bounced back. The delivery was very high, deliver pick below Rs 300 level. So I do not see the stock coming below Rs 300 immediately and if it is coming down towards Rs 320-325 also, it is a buying opportunity," he said.
"The open interest pattern what we are observing in Petronet LNG. Because it remains a laggard, obviously the short trading was done to the larger extent in this and now those people are exiting."
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