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Feb 17, 2017, 04.48 PM | Source: CNBC-TV18

Buy Maruti Suzuki, says Ajay Srivastava

Ajay Srivastava, CEO, Dimensions Corp Fin Services advises buying Maruti Suzuki.

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Buy Maruti Suzuki, says Ajay Srivastava

Ajay Srivastava, CEO, Dimensions Corp Fin Services advises buying Maruti Suzuki.

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Ajay Srivastava (more)

CEO, Dimensions Corporate Finance Services Pvt Ltd |

Ajay Srivastava, CEO, Dimensions Corp Fin Services told CNBC-TV18, " Maruti SuzukiEicher MotorsTVS Motor are fab 3, you include  Yes Bank in that; it is
Fab 3 of the market. It is a must have in the portfolio or you may call it fab 4 with  HDFC Bank . The problem with the stock is that you built up a portfolio, you can’t start a portfolio of an auto without Maruti Suzuki. If you build up a portfolio Eicher comes to the top of your mind."

"My worry is, in fact we have sold off all our positions in auto stocks. We are actually zero right now in auto stocks completely. I think the market has built up a lot more positive sentiment for the March quarter than what we are seeing on the ground. As far as we are concerned, we have gone zero on auto."

"You start entering the market, this is the first two stocks everybody buys. Buy Maruti Suzuki, they got a new plant at Gujarat. It is going to come up with some engines and therefore the capacity is going to double. Therefore, hopefully over three years you will see the stock moving from Rs 6,000 to 8,000 that is a rough theory of the market on which most people are working upon."

" Eicher Motors  is the same story that motorcycle will taper off. Light commercial vehicles (LCVs) will come on and with the new government policy replacement coming on, so if that is a theory you are working on, you are well placed to stay there and keep investing."
Buy, Hold, Sell ? Hear it first on M3
Buy Maruti Suzuki, says Ajay Srivastava

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