Why Deepak Shenoy is betting on Hitachi Energy, RIL and M&M
“Whether it is OEMs or ancillaries, a lot of stocks make a lot of sense. One might consider Maruti or M&M which are the top end OEM players in the space. We like M&M more as it is relatively unleveraged and has a bunch of ancillary arms. They are also the holding company for Tech Mahindra, Mahindra Holidays, Mahindra Life and have a defence manufacturing setup as well.”