Accumulate Maruti Suzuki on any dips, says Neeraj Deewan

Neeraj Deewan of Quantum Securities told CNBC-TV18, "Maruti Suzukihas been under our coverage and for last couple of quarters we were not too comfortable with the valuations. The stock has run up a lot but it has fallen below Rs 4,000 and now even on valuation parameters it is available at about 23 odd times FY'17 earnings per share (EPS). So, now it is coming as a cumulative coverage also.""Any dips in the Maruti Suzuki should be used to accumulate because even taking a moderate growth next year you are getting the stock at a reasonable valuation now," he said.