BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Long (1Y)
HDFC Securities Maintains ‘Neutral’ On Maruti Suzuki India
According to HDFC Securities, Maruti Suzuki Indias growth story is premised on strong volume growth, sustained growth in premium cars and UVs, incremental volumes from the Gujarat facility, rising rural demand and healthy RoE/RoCE and strong FCF. However, challenges persist in the form of rising fuel prices and slowdown in demand from cab aggregators like Ola and Uber, the brokerage adds.