Maruti Suzuki can test Rs 1115: Anu Jain

Maruti Suzuki can test Rs 1115, says Anu Jain of IIFL Private Wealth Management.

Jain told CNBC-TV18, "If you look at the way Hero Moto has moved, it is looking weak but it’s close to supports. I think even Bajaj Auto is looking weak. Maruti Suzuki at Rs 1,143 can test Rs 1,115. So, given the top three stocks this looks to be decently weak. I think Tata Motors at this point – it’s got support at Rs 225, so that is not looking as weak as the others. But Maruti Suzuki and Hero Honda are pretty weak."
Maruti Suzuki's trailing 12-month (TTM) EPS was at Rs 79.22 per share. (Jun, 2012). The stock's price-to-earnings (P/E) ratio was 14.49. 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 2.18. The dividend yield of the company was 0.65%.