Hold Maruti Suzuki, advises Deven Choksey

Deven Choksey, managing director of KR Choksey Shares and Securities told CNBC-TV18, "In Q1 of 2014, Maruti Suzuki India is coming up with 660 cc car which probably is going to drive the volume from the rural market. The kind of strategy that they have adopted in going to the rural market further down in villages endorses the view that the company is well positioned for bringing the volume led growth in the books."

"To my mind, I think the fundamentals are going to look a bit better than otherwise. So I would continue to hold Maruti and probably I think keep a buy target price of around Rs 2,000 to Rs 2,200 over next 12-15 months time," he said.

Also Read: Kotak downgrades Maruti Suzuki to 'sell'