Moneycontrol
Jan 12, 2017 05:06 PM IST | Source: CNBC-TV18

Maruti Suzuki trading pick: Ambareesh Baliga

According to Ambareesh Baliga, Independent Market Expert, Maruti Suzuki is a good trading pick.

Ambareesh Baliga, Independent Market Expert told CNBC-TV18, "Maruti Suzuki India looks good from a trading point of view, because of this launch and once you know the sort of booking which happens for this vehicle, you will clearly have this stock moving up further. However, from a fundamental angle, it is already more than fully priced taking into account the sort of growth which we are expecting even from the next year, year and a half."

"I don’t see Maruti Suzuki going from here to possibly Rs 6,500-7,000. So, from that point of view, it doesn’t make sense to buy, it as a fundamental pick unless you need to have that in your portfolio for much longer term. However, from an 18 month perspective, I don’t see more of a move from here but I think it is a great trading stock."

"So, whenever there is an adverse news, it falls about 8-9 percent, that is the time to buy and exit about 10 percent higher. I think that is the sort of a game which is there in Maruti, we have seen that especially in the last six to eight months," he added.
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