Buy Maruti only from a long term perspective: Ashwani Gujral

Ashwani Gujral, Cheif Market Strategist, ashwanigujral.com in an interview with ET Now talks about Maruti Suzuki.

On the charts Maurti Suzuki?

I do not think you should buy on this piece of news because overall Maruti is showing that it has had so much bad news and bottoms are formed when there is great bad news.

So as a trader you would buy probably a Mahindra & Mahindra or Hero Honda but as an investor may be you would buy this given that it has had a long bear market and a 1050-1100 it is hanging around here so may be start building some position from a longer term point of view. But it is not the strongest auto stock by any stretch of imagination.