Oct 10, 2013, 11.42 AM | Source: CNBC-TV18
Parag Thakkar, Head of Sales at HDFC Securities suggests buying Maruti Suzuki, Mahindra and Mahindra (M&M), Rallis India and Bayer CropScience with a long term view.
Parag Thakkar (more)
Head of Sales, HDFC Securities |
"Maruti Suzuki's marketcap is Rs 42,000 crore, Rs 8,000 crore cash, so again at Rs 34,000 enterprise value, you are getting a Rs 4,500 crore of operating cash flow plus it is a 39 percent market share. There is a lot of competition coming, but that is why the stock price is underperforming," he added.
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