Maruti Suzuki may test Rs 2200: Abhishek Karande

Abhishek Karande of SBICAP Securities told CNBC-TV18, "I am quite bullish on Maruti Suzuki India. I see price is traveling to at least Rs 2,200. So any pullback of 3-4 percent you should buy it out. The yearly charts have breached on the Maruti as well, so that stock I am quite bullish."

He further added, "In pharmaceutical space, I am bullish on Ranbaxy Laboratories. I feel that stock will travel beyond Rs 520 from current market levels."

Disclosure: He may have recommended the above stock to his clients as a part of their holdings.