Gandotra upbeat on Maruti Suzuki India

Pathik Gandotra, Partner, Dron Capital Advisors is bullish on Maruti Suzuki India.

Gandotra told CNBC-TV18, "I may wait a bit longer for two-wheelers. But Maruti Suzuki India, for example, though it faces problem due to poor sales across the auto industry, it is gaining market share. However, the Yen trade will benefit its earnings. It is a proven fact that in stocks like Maruti performance tracks market-share. So, this is what one would be bullish on. Regarding other stocks in the auto sector, I would look at better entry levels for Bajaj Auto." Maruti Suzuki's trailing 12-month (TTM) EPS was at Rs 79.22 per share. (Dec, 2012). The stock's price-to-earnings (P/E) ratio was 17.21. 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 2.59. The dividend yield of the company was 0.55%.