M&M continues to be a very good stock in longer term: Paras Adenwala, Capital Portfolio Advisors

In a chat with ET Now, Paras Adenwala, MD & Principal Portfolio Manager, Capital Portfolio Advisors, shared his views on Mahindra & Mahindra.

ET Now: What is driving Mahindra & Mahindra?

Paras Adenwala: It is very easy to observe and conclude that Mahindra & Mahindra is fundamentally the best performing stock. If you look at the monthly numbers, be the quarterly numbers, amongst all categories of automobile stocks, you have seen Mahindra really outperforming all of them and that to by a margin. Be it SUV segment, be it CUV segments that you mentioned except maybe the two wheeler segment, that clearly sets apart Mahindra.

The aggression is very much evident in the way they really are operating as a company and that is probably kind of evident in the way the stock is behaving in the market. The stock has really moved up quite well but anyone with the longer term perspective at least 15 to 18 months, Mahindra continues to be a very good stock.