An upside up to 570-575 is possible in case of M&M stocks: Vinith Jain

Vinith Jain, Director, Siddh Capital, in an interview with ET Now spoke about long-term outlook on M&M stocks.

Vinith Jain, Director, Siddh Capital, in an interview with ET Now spoke about long-term outlook on M&M stocks. Excerpts:

M&M up about 2.5% in today’s trade, of course a lot of acquisitions planned there and now all focus on Korean SUV maker, looking at the synergies possible, the long term outlook what is your call there?

M&M has been trading in a range of a 10% for sometime now, maybe two-three months now and a trader should hold onto this stock, an upside up to 570-575 is possible.
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