BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Nomura maintains buy on Maruti Suzuki
Nomura has maintained buy on Maruti Suzuki for target price of Rs 4,462 per share. It says cyclical passenger vehicle recovery is on the horizon and expects Maruti to record an EPS CAGR of 23 per cent over FY'17-18. It expects free cash flow generation of 8 per cent in FY'18.