Nano price hike a good news for the company: Fayeza Hafizee, Intime Spectrum Securities Ltd

Fayeza Hafizee, Vice President, Institutional Sales, Intime Spectrum Securities Ltd, in a chat with ET Now talks about Nano.

What do you read out of the likely price hike between Rs 5000 to Rs 15000 of the Nano itself? The stock is off about Rs 2 at this point. How are you viewing it?

It is definitely a good news for the company on the margins front but I do hope that given that they have marketed the car primarily as a Rs 1 lakh car, they are not going to lose customers on this account. Honestly, I do not think that the price hike is very big. It is definitely big in percentage terms given the low price of the car but the growing sales and auto numbers probably will be absorbed.

So on the whole good news because that means better margins but we will have to wait and see how volumes play out on the counter.