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On the technical charts, the RSI of the stock stood at 50.64.

"There are zero competitive advantages in Indian auto. We have got Eicher Motors, Royal Enfield specifically. We think Siddharth Lal and team over the last 15 years have built a business which has pricing power, strong competitive advantages, translating into high ROCEs. But the rest of the Indian auto names have very little pricing power and constantly have to snip away at prices, constantly getting pounded by raw material prices going up."

"Nykaa is going on a different plane. They are going so much offline and investing in offline stores, etc. I think the story totally changes. The way people are trying to evaluate it in terms of when it goes into profits, that will get pushed back. To that extent, it will take more time."

“Trent reported much better numbers compared to an ABFRL, where one or two more quarters of weak numbers could continue. So from an overall retail space, the most preferred player would be Titan, but that is on the gold jewellery side. From the consumption side, we like Trent from a pure retail space.”

While short-seller Hindenburg Research’s Jan. 24 report about the business empire of tycoon Gautam Adani has been one reason why investors have pulled billions of dollars out of Indian markets, Michael Kelly, who oversees Pinebridge’s $17.8 billion global multi-asset portfolios, is among those going the other way.

“India is definitely a very large consumption market. We are the second largest two-wheeler manufacturer globally. It makes a lot of sense for people to look at India from a large consumption base and that is the reason why we are seeing so many players interested in investing into India. ”

RIL-promoted Alok Industries, Bombay Dyeing and Manufacturing Co, Wockhardt, Suven Life Sciences, Spencer’s Retail, Inox Wind, Sagar Cements, Restaurant Brands, Religare Enterprises, and Orissa Mineral Development Co, among others also remained in the red for 4 straight quarters.

The Nifty 50 index surged 57 points or 0.33% to 17,568, while the S&P BSE Sensex rose 208 points or 0.35% to 59,813, as of 9.17 am. From the Sensex pack, Bharti Airtel, Bajaj Finserv, SBI, Infosys and Tata Motors were the top gainers, rising about 0.5-1%. UltraTech Cement, Asian Paints, IndusInd Bank and Tech Mahindra also opened with gains.

"If somebody has contributed at a higher wage at that point of time in 2014 and wants to get into the EPS 1995 Scheme, then with the present calculation, if he is retiring at a wage of say Rs 1 lakh, he will get a pension of Rs 50,000. So that way, the pension will increase sizeably. He will get a very good pension with the present guidelines."

Mahindra & Mahindra Financial Services, incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 32049.65 Crore) operating in NBFC sector.