Hold M&M; target 700: Avinash Gupta

Avinash Gupta, Assistant Vice President Research Equity, Bonanza Portfolio Limited in an interview with ET Now talks about M&M.

What does one do with M&M if somebody has it, because the news is definitely positive?

M&M is one of the excellent stocks one has to hold. It is a company which has got interest in many areas. The step which M&M is taking towards acquiring Ssangyong is an indication that India has strong competitive potential in auto industry to have a global footprint and this is another company which is taking the step in that direction. So M&M one should hold out, there is no second thought about that.