homemarket Newsstocks NewsEscorts best bet to play tractor story; IndusInd an M&A play: Dimensions' Srivastava
Escorts best bet to play tractor story; IndusInd an M&A play: Dimensions' Srivastava
“I would rather go for a pure play tractor play than a composite play like a Mahindra and Mahindra (M&M),” said Ajay Srivastava, CEO of Dimensions Corporate Finance Services in an interview with CNBC-TV18.
“I would rather go for a pure play tractor play than a composite play like a Mahindra and Mahindra (M&M),” said Ajay Srivastava, CEO of Dimensions Corporate Finance Services in an interview with CNBC-TV18.
“I am a buyer in tractors but I would rather go for standalone one rather than going for a mixed bag M&M. It is Escorts versus M&M, pick and choose,” he added.
Banks have done decently well given the challenging environment, but their operating income isn’t going up, he said.
ICICI Bank is a good exposure to the financial market, he said. “I guess it is underpriced. ICICI Bank is a good proxy for the financial system as a whole, for the economy. “IndusInd is a good proxy for M&A play. It is a pure arbitrage play now, it is not a fundamental play,” he added.
Speaking about pharma sector he said, “Enormous capital of the world is chasing these stocks. These companies are doing a wonderful job in getting their cost structure down. Good stuff but watch it.”
For more, watch video..
(Edited by : Santosh Nair)
First Published: Nov 3, 2020 11:49 AM IST
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