Wait and watch for M&M: Prashasta Seth, IIFL Wealth

Prashasta Seth, Senior Fund Manager, IIFL Wealth, in a chat with ET Now, gives his stock call



What is the expectation from M&M as it is slated to come out with its earnings today?

We expect continued weakness in the tractor segment. That is one segment that could continue to see some more downside but that would be compensated by strong performance in other business especially the autos. There, M&M has been doing fairly well. All of their new launches have been accepted very positively in the market. M&M will have a week set of numbers from tractors but that will be more than compensated from strong performance by the auto sector and that should help M&M to post good set of numbers.