BoA-ML says it expects a 5 per cent decline in tractor sales in fiscal 2012/13, but that will be "more than compensated" by growing auto sales in a note dated on Monday.
Given the reduced dependence on the tractor segment, the investment bank says Mahindra's shares should be trading closer to other four-wheel makers.
Mahindra shares last up 1.6 per cent at Rs 774.40.
Copyright @ Thomson Reuters 2012

