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 retains buy on Maruti Suzuki, raises target
Maruti Suzuki is a play on the strong growth in car industry volumes in the long run. Expect the company to maintain its dominant position in the industry, led by strong R&D capabilities, launch of vehicles in new segments and strong rural penetration. Target price increased from Rs 2,286 to Rs 3,025.