Are midcaps a good buy in this market? Neeraj Dewan of Quantum Securities answers

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“Valuation wise what Maruti has been trading on last 10-15 years average it is already trading above that, so that valuation comfort, which was there earlier in automotive stocks especially Maruti is not there, so I would actually prefer Mahindra & Mahindra in this slot where valuation wise it is much more attractive than where Maruti is.”

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