On the back of the uncertainty triggered by the second wave of Covid and the apprehension of a demand slowdown, Maruti’s stock price has fallen 15% from its 52-week high seen in January 2021. Valuations now look reasonable at 31.2 times FY23 projected earnings. We, therefore, advise investors to accumulate the stock in a staggered manner during this soft patch
first published: Jul 29, 2021 05:42 pm
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