Hold Maruti Suzuki, says Rakesh Bansal

Rakesh Bansal, CEO of rakeshbansal.com is of the view that one should hold Maruti Suzuki.

Bansal told CNBC-Awaaz, "Investors should hold Maruti Suzuki with a stoploss of Rs 1030. If the stock breaks the level of Rs 1030 then we can see much downside. The stock has upside resistance at Rs 1160. If it crosses Rs 1100 in near term then one should exit at that level."
The company's trailing 12-month (TTM) EPS was at Rs 82.12 per share. (Jun 2011). The stock's price-to-earnings (P/E) ratio was 12.82. The latest book value of the company is Rs 479.99 per share. At current value, the price-to-book value of the company was 2.19. The dividend yield of the company was 0.71%.