Buy Maruti Suzuki India, says Sukhani

Sukhani told CNBC-TV18, “Maruti Suzuki at Rs 1600 is still a buy. Maruti is the best of the auto lot and there was a target of Rs 2000 discussed many times. That remains valid. Now we cannot take any intraday trades anywhere, it is almost Rs 250, it is not a good idea but if somebody wants to carry a position, initiate a new position Maruti still offers a very good opportunity.”

He further added, “Same cannot be said of Tata Motors. Tata Motors bounce today is just probably a reaction to the big decline we saw yesterday. We need more stability before we can go into it.”

On Jan 25, Maruti Suzuki India closed at Rs 1,600.20, up Rs 63.70, or 4.15%. It has touched a 52-week high of Rs 1,607.65.