Jefferies suggest 'buy' on M&M, 'hold' on Maruti Suzuki as global tailwinds seen favourable for tractor entity

Jefferies aft a affirmative traction successful the Nifty Auto battalion successful the past period has shown its optimism connected Mahindra and Mahindra (M&M). The brokerage has reiterated its 'buy' telephone connected the tractor entity for a people of Rs 3,700, implying gains of 23 per cent from the past close.

On the different hand, successful respect of Maruti Suzuki- the country's starring automaker-the planetary brokerage has maintained clasp with a people of Rs 10,900 apiece.

This is simply a downside of astir 2 per cent from the erstwhile adjacent of Rs 11,081.45 apiece connected the BSE.

The brokerage believes fixed the existent marketplace and planetary trend, M&M is simply a amended concern lawsuit successful examination to Maruti Suzuki.  The brokerage is of the presumption that beardown manufacture request tailwinds volition augur good for the stock.

M&M is gaining marketplace stock crossed tractors, SUVs and airy commercialized vehicles (LCVs portion Maruti is slipping successful PVs.