Buy Maruti Suzuki, target Rs 5100: Ashwin Patil

Ashwin Patil, Research Analyst at LKP Securities told CNBC-TV18, "Overall the numbers are not looking that bad in Maruti Suzuki. The call on the stock is definitely a buy with a target close to Rs 5,100 and we think that this year the company will be growing close to about 12-13 percent for the full year and this month it has been at about 10 percent. So it is not that drastically down below what we are expecting for the full year. We think that Q4 which is always a good quarter, will be making up for what we are seeing in the November, and for December to come. December is always a slightly weak month as compared to any other month in the year and that loss will be made up in Q4. We are having about 12-13 percent estimated growth for this year for Maruti Suzuki."Maruti Suzuki India was quoting at Rs 4,552.85, down Rs 23.85, or 0.52 percent. It has touched an intraday high of Rs 4,620.00 and an intraday low of Rs 4,532.The company's trailing 12-month (TTM) EPS was at Rs 149.13 per share. (Sep, 2015). The stock's price-to-earnings (P/E) ratio was 30.53. The latest book value of the company is Rs 784.70 per share. At current value, the price-to-book value of the company was 5.8. The dividend yield of the company was 0.55 percent.