Sameer Lumba, MD & CEO-Instl Equities at JM Financial is positive on Mahindra & Mahindra Financial Services. "The stock will continue to do extremely well even from these levels," he adds.
Sameer Lumba of JM Financial Institutional Securities believes the JLR franchise remains strong and therefore, they are positive about the stock and approaching it with a long-term view. "JLR obviously has a very strong franchise. I don‘t see longer term challenges there for the franchise that they have built," he explained.
From the sidelines of the conference, MD and CEO of institutional equities at JM Financial, Sameer Lumba expects the market to be volatile in the near-term. However, he feels that the capital preservation remains very important in the current environment. He also stated that the domestic concerns have priced into the market.