Maruti Suzuki still remains our top pick: StanChart
By Prashant R Nair | Published On: July 19, 2012 10:00 (IST) | Duration: 7 min, 36 sec
In an interview to NDTV Profit, Amit Kasat, Director, Standard Chartered Securities, said that the Manesar is important for Maruti as the plant has a capacity of 550,000 vehicles per annum. It accounts for a third of the company's production capacity. "However, Maruti still remains our top pick. We give an 'outperform' rating to the stock. Invest with a target price of Rs 1615 per share," he added.