Anand Mahindra feels with the economy on the rebound, the RBI should consider cutting interest rates to boost growth.
In an interview to CNBC-TV18, on the sidelines of World Economic Forum, Anand Mahindra, Chairman, Mahindra Group, said the RBI governor Raghuram Rajan has done an amazing job so far, but it might be time for the central bank to think about softening interest rates.
"No one should take away from the fact that we needed someone to come in and crack the whip on inflation, keep it under control. He (Rajan) did that very admirably, sent out very positive signals to the world about our fiscal discipline but now the need of the hour has changed. The need of the hour is that along with fiscal discipline we need to kick-start growth," he said.
M&M stock price
On November 05, 2014, Mahindra and Mahindra closed at Rs 1257.50, down Rs 11.05, or 0.87 percent. The 52-week high of the share was Rs 1421.00 and the 52-week low was Rs 847.00.
The company's trailing 12-month (TTM) EPS was at Rs 58.92 per share as per the quarter ended September 2014. The stock's price-to-earnings (P/E) ratio was 21.34. The latest book value of the company is Rs 270.60 per share. At current value, the price-to-book value of the company is 4.65.
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