Portfolio manager PN Vijay told CNBC-TV18, "I would buy Maruti Suzuki from the autos. I am not saying it will necessarily give bigger gains but the downside is much more limited. Maruti Suzuki saw a very sharp fall in production compared to last year and that had a negative impact on the stock. However, the falling yen and falling raw material costs have reflected in various strong margins in Q4 will continue right through 2013-14."
Vijay further added, "If the government keeps increasing diesel prices, the difference between diesel and petrol will come down then that will be a big long term benefit for Maruti because its forte is petrol driven passenger cars where it built up its name and its fortunes."Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
