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Maruti Suzuki likely to see more downside in the near term, says Sarthi Group

Updated : January 25, 2019 05:10 PM IST

In an interview to CNBC-TV18, Kunj Bansal, partner and CIO, Sarthi Group, shared his reading and outlook on specific stocks and sectors.

On Maruti Suzuki, Bansal said, "The results of the company have clearly been a disappointment, in fact, a significant disappointment compared to the expectations. Given the way the stock was commanding a premium valuation despite almost one and half years underperformance in the market, we can have more downside in the stock."

"It is an institution heavy stock and we can continue to see selling coming in there. As I said the results are clearly a negative surprise unless we hear from the management that what has been the reasons and what are the expectations going forward," Bansal added.

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
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