Mahindra & Mahindra may rally upto Rs 1200: Homavazir

Mahindra & Mahindra may rally upto Rs 1200, says Regan Homavazir, CMT, Associate Vice President, Technical Research, Darashaw & Co.

Homavazir told CNBC-TV18, "We would be looking at a auto stock, which would be Mahindra & Mahindra. It is one stock, which is making new highs rather than the general- stocks like Tata Motors and Maruti who are making lower lows."
He further added, "So Mahindra & Mahindra definitely have upsides to offer and it's one that has fancy at the moment. It is a stock that is a long-term buy again and the targets on the upside could be as good as Rs 1200."