Maruti Suzuki may slip to Rs 1050: LKP

Maruti Suzuki may slip to Rs 1050, says Rakesh Gandhi, Senior Tech Analyst, LKP.

Gandhi told CNBC-TV18, "Yesterday Maruti Suzuki has broken Rs 1150 level and probability of going upto Rs 1050 has increased and were it could find a huge support. So Rs 1050 would be the next level, which I would be looking as. It has broken Rs 1150, which was critical since last maybe 6 months or so."
The company's trailing 12-month (TTM) EPS was at Rs 79.22 per share. (Mar, 2011). The stock's price-to-earnings (P/E) ratio was 13.90. The latest book value of the company is Rs 488.86 per share. At current value, the price-to-book value of the company was 2.25. The dividend yield of the company was 0.54%.