Short Maruti Suzuki, says Siddharth Bhamre

Bhamre told CNBC-TV18, "We are not comfortable in midcaps and auto we are very skeptical at this point of time specially Maruti. The rise from lower levels after that fiasco happened in Manesar was purely because of short covering and not much of cash based volumes. For one month the 40% of capacity has been closed and anyways auto sector is going through difficult times. So I don’t think this rise was justified. It is a good level to go short around Rs 1200. I am expecting Rs 1100 levels in Maruti soon. Probably you can fix a stop loss of around Rs 1232 and go short right now."

The company's trailing 12-month (TTM) EPS was at Rs 79.22 per share. (Jun, 2012). The stock's price-to-earnings (P/E) ratio was 14.90. The latest book value of the company is Rs 525.68 per share. At current value, the price-to-book value of the company was 2.24. The dividend yield of the company was 0.64%.