Mahindra and Mahindra (M&M) has have done extremely well, whether it is tractors or anything to do with the derivative sales, said Sanjiv Bhasin, Executive Vice President, Markets and Corporate Affairs, India Infoline.

Speaking with CNBC-TV18's Anuj Singhal and Sonia Shenoy, he said, "Even though, the competition in the sport utility vehicle market is strong, I think couple of new launches would be on the cards. It has been a relative outperformer after it gave a 1:1 bonus. We still think now that this is headed towards four figures."

He spoke at length about aviation stocks, Dilip Buildcon and HDFC Bank.

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