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Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
Nomura Maintains Buy on Maruti Suzuki
Nomura has maintained its buy call on Maruti Suzuki for target price of Rs 4,450. Nomura says that the company has again surpassed consensus expectations on EBITDA margins. Nomura notes that current consensus margins for FY16-17F are 15.1% and 15.6%; we think consensus upgrades are likely after these results.