Baliga told CNBC-TV18, "I surely have faith in Maruti Suzuki. But at these levels despite really surprising results, I think it is a bit too expensive and looking at the sort of numbers, which will come on a monthly basis over the next three to four months, I think that could be disappointing to a certain extent and that should give you a buying opportunity at lower levels. So surely, I will wait for a correction to buy this stock."
Maruti Suzuki touched its 52-week high Rs 1,690.40 and 52-week low Rs 1,077 on 26 April, 2013 and 04 June, 2012, respectively. Currently, it is trading 1 percent below its 52-week high and 55.38 percent above its 52-week low. Market capitalisation stands at Rs 50,551.59 crore.
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