Upside Limited in Maruti Suzuki: SBICAP Securities
Mahantesh Sabarad, deputy head of Research at SBICAP Securities, told NDTV that Maruti may not witness the kind of sales growth, which it had enjoyed in the past as competition will catch up. The stock is trading at 18 times its estimated FY17 earnings per share of Rs 200, which is at an upper end of valuation, he added.
