With the recent announcement on the extension of the excise duty cut, Goenka said there was not much to expect specifically for the auto sector.
In a post-Budget discussion on CNBC-TV18, Pawan Goenka of M&M , said the Budget was in line with expectation. With the recent announcement on the extension of the excise duty cut, Goenka said there was not much to expect specifically for the auto sector.
He feels the Finance Minister Arun Jaitely has clearly defined focus on manufacturing and infrastructure without going overboard on anything and he feels the numbers are believable.
M&M stock price
On July 10, 2014, Mahindra and Mahindra closed at Rs 1164.90, down Rs 17, or 1.44 percent. The 52-week high of the share was Rs 1268.75 and the 52-week low was Rs 741.50.
The company's trailing 12-month (TTM) EPS was at Rs 61.02 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 19.09. The latest book value of the company is Rs 299.24 per share. At current value, the price-to-book value of the company is 3.89.
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