should one invest in Mahindra & Mahindra at current level?

The stock has corrected nearly 35% from the peak levels in the last few months. The stock has a number of things going against it. IF you look at the monthly sales numbers, most of the segments of its sales are down in the last few months. With weak auto off take and pressure on the rural portfolio, there is limited traction that one can expect on the stock. The stock may appear valuable at these prices but you need to see how these auto companies handle the pressure of disruptions in supply chain, especially the raw material streams. It would be better to wait out of the auto sector for now.