M&M Financial looks attractive: Avinash Gupta

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

Your view on M&M Financial, which is currently trading at a little over 471, in light of a possible stake sale and investment by a PE player. Also the insurance venture with an international fund is going forward, how is that looking to you?

It is definitely looking attractive. There is lot of interest in the financial services business in India and M&M is a good house therefore the stock should be viewed positively.

Would you buy at 472?

I hadn't gone into details to come to a view that it should be bought or not but I will definitely not sell at this juncture.