Stay invested in M&M Financial: Mehraboon Irani

Mehraboon Irani of Nirmal Bang Securities told CNBC-TV18, "Mahindra & Mahindra Financial Services is expensive in terms of valuations but this is a stock where I will continue to remain expensive. I have always said that among non-banking financial companies (NBFC), this is the best managed company. I think the AUMs going up 31 percent year-on-year, also the company is more or less out of the CV segment, the small cars are doing quite well in the rural segment and that is what the management is saying."

"I think virtually interest rates don't matter for this company. What matters is the cash flow.  We need to understand that this quarter's performance of M&M Financial was despite about 23 days getting wasted due to various issues like Telangana, Uttarakhand and weather conditions despite that, I think the company has come up with robust earnings," he said. "I am quite confident that this is the stock which investors can remain invested in because according to me, all parameters virtually suggest that things should remain good for this company going ahead."