Stay away from Maruti Suzuki: Baliga

Ambareesh Baliga, COO, Way2Wealth advices to stay away from Maruti Suzuki.

Baliga told CNBC-TV18, "We have been quite positive on Maruti Suzuki for a while now and the last time there was a solution to Manesar we thought that was it and it would be smooth going ahead but then what has happened yesterday clearly is a jolt and clearly calls for a review. At this point of time, I would surely stay away."
He further added, "Textile faces again those cozy reality plays which we have been looking at and clearly one of them is Century Textile where we still see that there could be some more upside infact we are looking at an upside of atleast another Rs 35-40 from here."