Rahul Singh, Head of Equity Research of Standard Chartered Securities told CNBC-TV18, "We are taking 12-18 months view on Maruti Suzuki. Most of our top picks have 6-12 month horizon, but in Maruti we have 12-18 months horizon in which we think lot of things will play out. The margin levers are not only coming from Yen, but there are other margin levers which will play out."
He further added, "From a top-line point of view there are pressures, but I think the company will still deliver earnings of about Rs 110 despite all the top-line pressures. We are only counting on 10-15 percent upside for most of our top picks and that will be enough for us to beat the market." Also Read: Maruti launches CNG Ertiga, priced up to Rs 7.30 lakh
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