Apr 30, 2012, 05.24 PM | Source: CNBC-TV18
TCS and Maruti Suzuki will remain top picks, says Sudip Bandyopadhyay, MD & CEO, Destimoney Securities.
Sudip Bandyopadhyay (more)
MD & CEO, Destimoney Securities | Capital Expertise: Equity - Fundamental
Bandyopadhyay told CNBC-TV18, “I will pick up TCS. We have been bullish on TCS for about 6 months plus and it still continues have lot of steam left performance wise, growth potential wise and even on the fundamental parameters, we will like to go with TCS.”
He further added, “I will like to buy Maruti Suzuki still. What's happening is that there is a huge potential growth which Maruti will get on the back of their new SUV launch. SUVs are about 15% of total four wheeler market and Maruti was not at all present in that segment. I think this fiscal they will garner reasonably good market share on SUV. Last years production loss which they had unlikely to recur this year, so overall I think Maruti will be back on track. There is a concern regarding the Forex hedging policy but as the company clarified about 50% of the exposure they will henceforth be hedged always. So that’s a very positive sign. We continue to remain bullish and I think out of the four wheeler companies Maruti will be out top pick.”