Short Mahindra & Mahindra, advises Bhavin Desai

Bhavin Desai of Motilal Oswal Securities told CNBC-TV18, "Mahindra & Mahindra (M&M) is short-term short. The stock has been losing strength and this fact was evident with back to back negative sessions. Considering the fact that we have already seen a bearish engulfing on a weekly scale, it makes sense to go ahead and take a short trade. It becomes very lucrative to take a trade at around these levels keeping stop loss close to Rs 1,347, looking at a target close to Rs 1,250."The company's trailing 12-month (TTM) EPS was at Rs 52.62 per share. (Sep, 2015). The stock's price-to-earnings (P/E) ratio was 25.18. The latest book value of the company is Rs 310.09 per share. At current value, the price-to-book value of the company was 4.27. The dividend yield of the company was 0.91 percent.