Sukhani told CNBC-TV18, "Mahindra & Mahindra (M&M) has come down and found strong support at Rs 880 level. Yesterday it had a good day. We are just anticipating that the market has discounted any kind of bad news, it has already fallen from Rs 1,000 to Rs 880. Now, the only way M&M can go is up or sideways. So, whether it goes sideways or whether it goes up, in two cases out of three, the buyer is going to be a winner."
He further added, "M&M in any case is in a strong uptrend. It is a buying opportunity. It is very rare that we would like to buy in front of news but sometimes it is worthwhile."
The share touched its 52-week high Rs 974.80 and 52-week low Rs 621.75 on 10 January, 2013 and 18 May, 2012, respectively. Currently, it is trading 8.14% below its 52-week high and 44.02% above its 52-week low. Market capitalisation stands at Rs 54,978.91 crore.
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