BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Nirmal Bang maintains buy on Maruti Suzuki
Maruti's Q4 earnings was stronger than expected on account of better than expected realisations and lower material cost. Following a cut in volumes and operating profit, we have cut earnings estimates for FY17 and FY18 by 14 and 11 per cent respectively with target price at Rs 4,479.