Buy Maruti Suzuki India on dips, says Sudarshan Sukhani of s2analytics.com.
Sukhani told CNBC-TV18, “I would buy again Maruti Suzuki India. We have been upbeat on Maruti from Rs 1,400 onwards; it is giving a target of more than Rs 2,000. I am gratified to see it reaching those levels, slowly of course. Maruti’s big gains could see follow-through today, every dip here is a buying opportunity.”
The share touched its 52-week high Rs 1,607.65 and 52-week low Rs 1,077.00 on 25 January, 2013 and 04 June, 2012, respectively.Currently, it is trading 0.58% below its 52-week high and 50.14% above its 52-week low.
The company's trailing 12-month (TTM) EPS was at Rs 79.22 per share. (Dec, 2012). The stock's price-to-earnings (P/E) ratio was 20.41. The latest book value of the company is Rs 525.68 per share. At current value, the price-to-book value of the company was 3.08. The dividend yield of the company was 0.46%.