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Maruti Suzuki managment disclosure not worrisome: Quant

Basudeb Banerjee do not see any element of corporate governance issue with Maruti Suzuki

February 28, 2014 / 13:42 IST
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In an interview to CNBC-TV18, Basudeb Banerjee, Quant Broking shared his views on Maruti Suzuki and why he is not negative on the disclosures given by the company's management over their Gujarat plant.

Below Basudeb Banerjee’s interview with Anuj Singhal and Ekta Batra on CNBC-TV18

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Anuj: What is your call on Maruti Suzuki now? You have seen a lot of brokerages come out with their views, some are still maintaining their buy calls but what is your call?

A: I don’t find anything incrementally negative over the disclosures that came out yesterday. All the points that you were mentioning earlier were more or less in line barring the fact that the management never sacrosanctly said that Suzuki Japan is going to infuse fresh equity for all the incremental capex needs beyond the first stance of Rs 3,000 crore.