See 15-20% upside in Maruti: Hemang Jani

In a chat with ET NOW, Hemang Jani, Senior Vice President, Sharekhan, gives his outlook on Maruti. Excerpts:





ET Now: Would the issues that have cropped up with Suzuki play out again or have they already been ironed out?

Hemang Jani: This has been a big overhang for Maruti and the majority of the concerns have been addressed, we think that there is going to be a positive bias towards Maruti. Given the fact that there is going to be enough cash on its book which can be utilised for a buyback or an open offer, though the timing of that cannot be put to a particular number, we think that there is a case for about 15-20% upside for Maruti given this development.