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 8,824. It says India's car industry appears to have significant growth potential; we think it can reach 15 million units by financial year 2030, which is 60% of China at similar per-capita income levels. Maruti Suzuki (MSIL), with nearly 50% market share, is a key stock to play this theme and remains our top pick in the sector.