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    Escorts best bet to play tractor story; IndusInd an M&A play: Dimensions' Srivastava

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    Escorts best bet to play tractor story; IndusInd an M&A play: Dimensions' Srivastava

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    “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.”
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