M&M has had a good run in the first quarter of this fiscal year. The second quarter expected to be good because of the early festival season and this will prop up sales. But the company not entirely sure if this can be sustained through the year.......
Any failure of the monsoon will directly impact rural India’s ability and willingness to buy.......
In my view based on the ground realities you have to wait more time to recover your cost. Booking loss & exiting not recommended.
Even with poor monsoon it may not fall much. It is also expanding into US market whereas Maruti is limited to Europe. So in some sense, a better bet than Maruti. May hit 100 in few months time.
I had shares at 940, I sold part of them at 915 since I feel it had a sharp run from 300 to around 940 levels. But Sensex is at 16700 only and everyone is saying Sensex at 19000-20000 by 2010. Who knows it may touch 1000-1200 or even 1500. But I would be on selling side rather than or buying side at any levels above 900-1000.
| NIFTY 
