Hold Maruti Suzuki: Shardul Kulkarni

Nov 19, 2013, 12.26 PM IST

Shardul Kulkarni of Angel Broking recommends holding on to Maruti Suzuki India as the stock may test Rs 1750-1800.

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Shardul Kulkarni of Angel Broking recommends holding on to Maruti Suzuki India as the stock may test Rs 1750-1800.

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Hold Maruti Suzuki: Shardul Kulkarni

Shardul Kulkarni of Angel Broking recommends holding on to Maruti Suzuki India as the stock may test Rs 1750-1800.

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Shardul Kulkarni of Angel Broking told CNBC-TV18, "The weekly and monthly charts of Maruti Suzuki India are quite strong. I would suggest that one should hold on to this particular counter. On the lower side Rs 1560 is the level wherein one should place a stoploss. If the stock unfortunately were to close below Rs 1560 then momentum will fizzle out."

"At Rs 1750-1800 one should ideally look at from a profit booking perspective in probably around three-six months time frame. The chart is quite strong, much stronger than most of the other auto counters," he said.

Action in Maruti Suzuki India

Rokok Kanker