• Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney Invest Now master your money
Moneycontrol

Home » News » Stocks Views

Jan 13, 2017, 04.39 PM | Source: CNBC-TV18

Buy Maruti Suzuki, Tata Motors on declines: Sanjiv Bhasin

Sanjiv Bhasin of IIFL recommends buying Maruti Suzuki and Tata Motors on declines.

Like this story, share it with millions of investors on M3

Buy Maruti Suzuki, Tata Motors on declines: Sanjiv Bhasin

Sanjiv Bhasin of IIFL recommends buying Maruti Suzuki and Tata Motors on declines.

Post Your Comments

Share Cancel

Sanjiv Bhasin (more)

, IIFL |

Sanjiv Bhasin of IIFL told CNBC-TV18, "From Rs 4,750, Rs 5,000-5,200, we have been reiterating buy on declines on Maruti Suzuki . Even now I will say buy on declines because you will surprised on the upside. We have upped our targets to Rs 6,500 by the end of 2017. Definitely this will be the best four-wheeler space."

"Another of our top-picks, Tata Motors has also done exceedingly well. So, now to chase it at this price would be difficult. But, definitely we are overweight on both these stocks, on any declines and would reiterate a buy. The Ignis launch is telling that in the small segment, there are miles to go. The results will show that," he said.

"In the large segment, there will be a downsizing of margins, but the volume growth on the lower side in the Baleno and the Brezza is definitely going to be the icing on the cake."
Buy, Hold, Sell ? Hear it first on M3
Buy Maruti Suzuki, Tata Motors on declines: Sanjiv Bhasin

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login