Ambareesh Baliga of Edelweiss Financial Services told CNBC-TV18, "Auto sales numbers have been disappointing. In Maruti Suzuki, possibly it is the low base effect which played in, but on a correction the only stocks which we look at is Maruti Suzuki and Mahindra and Mahindra (M&M). Maruti at about 5-8 percent lower than where it is right now could be a good entry point."
At 10:47 hrs Maruti Suzuki India was quoting at Rs 1,398, up Rs 18, or 1.30 percent.
The share touched its 52-week high Rs 1,773.45 and 52-week low Rs 1,253.00 on 20 May, 2013 and 28 August, 2013, respectively.
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