Maruti Suzuki adds stability to your portfolio: Deepak Mohoni

Deepak Mohoni, Director, trendwatchindia.com in an interview with ET Now talks about Maruti Suzuki.

You are bullish on Maruti Suzuki with a stop loss of 1290 and target of 1340. What are future expectations for this stock?

The short term target is obviously for today or maybe tomorrow if the market remains positive but if you want to look at the future of this stock, the good thing going for it is it is a very stable stock. It does not fall much in bear markets. Generally its draw downs do not tend to be very dramatic and the company also though may not have met analysts’ expectations last time around, still grows at a pretty decent rate. So this is not a bad portfolio stock to have if you want an automaker in your portfolio during times when the market looks a little dodgy.