BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
Ambit Retains Buy on Maruti Suzuki, Cuts Target Price
Expect FY17 sales to growth at 12 per cent versus 11 per cent in FY16 because of improved urban sentiment, new launches (Brezza, Ignis), full year of Baleno sales and low exports base. However, the recent appreciation in yen would negatively impact EBITDA margin. Revise February 2017 valuation of Rs 4,400 (versus Rs 4,750 earlier).