Deven Choksey of KR Choksey Securities is of the view that Maruti Suzuki is a good buy.
Choksey told CNBC-TV18, "Maruti Suzuki appears to be the promising of the lot for two reasons; one is because of the reduction in the car prices, the demand is likely to be continuing and stable. More importantly as and when the interest rate reduction takes place that would be the icing on the top that will drive this particular stock up. But ultimately if one has to look at the valuation and if on that one has to take a call then on a forward basis the stock is available around close to 12 times its price earnings ratio, which is making perfect case for this company for investment portfolio. If 25% export commitment and already on as far as 2009-10 is concerned in my viewpoint one can hardly lose money in this kind of investment opportunity at current levels. So probably it would be a good buy to take a bet on and have in investment portfolio."
Source: Moneycontrol.com
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