Maruti an outperformer, tgt Rs 965: P Lilladher

Prabhudas Lilladher has maintained outperforemr rating on Maruti Suzuki with a target of Rs 965 in its May 08, 2008 report. "The company’s latest product offerings – Swift diesel, SX4 and Dzire – have been very well accepted in the domestic market. AStar, scheduled to be launched in October 2008, would provide a fillip to its exports, which are expected to more than double in the next two years. The company’s continuous cost reduction efforts would help combat rising cost pressures. The company is attractively valued at 11.8x FY09E EPS of Rs65.5 and 9.6x FY10E EPS of Rs80.4. We maintain Outperformer rating on the stock." according to Prabhudas Lilladher report.

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