Positive on Maruti Suzuki: Neeraj Deewan

Neeraj Deewan of Quantum Securities told CNBC-TV18, "I am positive on autos. I feel that even Maruti Suzuki after the fall that it saw has become attractive as far as valuations are concerned. Earlier, it was definitely trading at very high premium valuations, but now after this fall, I would even be buying Maruti on dips.""If you see the kind of improvement that has happened in Tata Motors sequentially on Jaguar Rolls Royce, people were fearing the worst for that. That worst is not there, not there to see in the numbers. There also, the stock have been beaten down a lot and I feel that even for Maruti for the kind of vehicles that they are into, there will be some impact which will come because of pay increase also which had happened. So, I am positive on Maruti and even Tata Motors with that thought in mind," he said.Maruti Suzuki India closed at Rs 3,711.65, up Rs 162.25, or 4.57 percent. It has touched an intraday high of Rs 3,724.95 and an intraday low of Rs 3,565.00.