M&M is a buy: Seshadri Bharathan, KSEMA Fincon Ltd

Seshadri Bharathan, MD & CEO, KSEMA Fincon Ltd, in a chat with ET Now talks about M&M.

What is your take on Mahindra & Mahindra from the auto space vis-à-vis some of the other auto majors like Tata Motors and from the two wheeler space if you take Bajaj Auto, Hero Honda? How do you place M&M?

Definitely we are seeing that there is a clear buoyancy in entire automobile pack be it four wheeler, two wheeler, CV space, etc. So definitely M&M is one stock which will benefit out of this buoyancy in the automobile sector. It is in the process of launching motorbikes in India, which is a very big market and where we are seeing Bajaj Auto, Hero Honda doing extremely well. So it will open up a new channel of revenue for M&M. Definitely it is a buy for investors.