Maruti Suzuki can go lower: Ashwani Gujral, Market Strategist
Maruti Suzuki will price in withdrawal of the stimulus before the Budget
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| Ahwani Gujral, Chief Market Strategist, ashwanigujral.com, in a chat with ET Now talks about Hero Honda, Tata Motors and Maruti Suzuki.
Do the chartssuggest that there will be more downside on a Hero Honda, Tata Motors and a Maruti Suzuki for example?
They will price in withdrawal of the stimulus before the Budget. Honda can easily go down to levels of 1300. Tata Motors easily can go still lower, probably 1050. Same is the case with Maruti, etc. I remember the during the last Budget people expected that stimulus would be withdrawn. So they go into each budget fearing that the stimulus may get withdrawn.
So basically, all of the stocks are likely to head even lower from here and may be from the Budget day onwards, there could actually be some kind of relief because stocks generally tend to build in much more than things actually happen.
Do the chartssuggest that there will be more downside on a Hero Honda, Tata Motors and a Maruti Suzuki for example?
They will price in withdrawal of the stimulus before the Budget. Honda can easily go down to levels of 1300. Tata Motors easily can go still lower, probably 1050. Same is the case with Maruti, etc. I remember the during the last Budget people expected that stimulus would be withdrawn. So they go into each budget fearing that the stimulus may get withdrawn.
So basically, all of the stocks are likely to head even lower from here and may be from the Budget day onwards, there could actually be some kind of relief because stocks generally tend to build in much more than things actually happen.
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