Profit

BSE Code: | NSE Code: | ISIN: | Sector:

NSE
7357.00
Change Change %
-121.30 -1.62%

Updated:16 Nov, 2018, 14:24 PM IST

BSE
7330.00
Change Change %
-152.85 -2.04%

Updated:16 Nov, 2018, 14:52 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Nomura
N/A
31-07-2017 Buy 7714.55 8993.00
N/A
Target Hit Long (1Y)
31-07-2018

Nomura maintains buy on Maruti Suzuki

We maintain our view of a strong volume CAGR over FY17-19F(around 13.5%), backed by: 1) strong waiting periods for the Baleno (16 weeks), Brezza (20 weeks) and Dzire (16 weeks), 2) improved demand on the back of Seventh Pay Commission benefits, lower car prices post GST, and 3) a strong model cycle. We factor in the weak results but still expect EBITDA margin to improve to 14.2% in FY18F and 14.7% in FY19F (from 14.6%, 15.2% earlier).

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