More upside is seen in Maruti Suzuki , says Sudarshan Sukhani, s2analytics.com.
Sukhani told CNBC-TV18, "I am not sure whether is directly related to the yen or it is related to the fact that the Indian markets themselves are cheerful. I would assume that Maruti Suzuki has more upside. This upside will continue only till the Nifty goes up. If the Nifty starts a correction, the yen won't help."
On April 22, Maruti Suzuki India closed at Rs 1,539.75, up Rs 13.45, or 0.88 percent. It has touched an intraday high of Rs 1,552.50 and an intraday low of Rs 1,526.
Sukhani told CNBC-TV18, "I am not sure whether is directly related to the yen or it is related to the fact that the Indian markets themselves are cheerful. I would assume that Maruti Suzuki has more upside. This upside will continue only till the Nifty goes up. If the Nifty starts a correction, the yen won't help."
On April 22, Maruti Suzuki India closed at Rs 1,539.75, up Rs 13.45, or 0.88 percent. It has touched an intraday high of Rs 1,552.50 and an intraday low of Rs 1,526.
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