Sudip Bandyopadhyay, MD & CEO, Destimoney Securities advice traders to buy Maruti Suzuki at current levels.
Bandyopadhyay told CNBC-TV18, “Fundamentally Maruti Suzuki looks a good buy. They were not present in a particular segment which was 15% of the market, which is the SUV. Now they have an excellent car launched in the segment, very aggressively priced.”
He further added, “Apart from the fact that last year they had a significant production outage because of which the numbers were significantly down. This year if they don’t have a production problem they will get the normal growth. Apart from that this SUV segment through the new car, aggressively priced they definitely are going to get market share which is more than proportionate. So we are looking at Maruti as a fundamental buy at these levels.”
" JSW Steel , one has to be extremely cautious considering the entire environmental issues and the way the regulatory position is evolving over the company and the related businesses, I will be extremely cautious."
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