Mahindra CIE, an auto ancillary company catering both Indian and European markets, is in focus. It generates 50 percent of revenue each from India and Europe.
The domestic business seems promising on the back of sharp recovery in two-wheelers, passenger vehicles, and tractor segment. In terms of the European business, the management has highlighted that the second wave of COVID has not impacted production and the outlook continues to be promising.
Moneycontrol.com’s Nitin Agarwal gets more details on the stock’s performance in the special segment ‘Moneycontrol Pro Ideas For Profit’.Watch video for more