Maruti very weak at the moment: Ashwani Gujral

ET Now spoke to Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, on his view on Maruti Suzuki.

What would be your call on a Maruti in specific?

All auto stocks are weak. Maruti is a bit less owned than say a Bajaj Auto, so may be it will fall a bit more slowly. It is always trading down from levels of Rs 1800 but all autos are moving down basically.

Maruti has been in a range and once it breaks Rs 1350, it is likely to go down probably as low as Rs 1375. Now it has all the headwinds that it can possibly have, so probably it is weaker than even the banking sector at this point.