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Buy Maruti Suzuki, target of Rs 830: Justtrade.in
Justtrade.in has recommended a buy rating on Maruti Suzuki with a target price of Rs 830. Maruti has been a consistent performer achieving a consistent growth in revenues and net profits over the last six years.
Justtrade.in has recommended a buy rating on Maruti Suzuki with a target price of Rs 830 in its August 25, 2008 research report. "Maruti has been a consistent performer achieving a consistent growth in revenues and net profits over the last six years. Its margins, both operating and net profit, have also improved consistently since 2001-02 highlighting improved operational efficiencies."
"On the basis of our research, we feel that this is a good stock to buy at the current market price of Rs 631.85. If everything goes well, the price is likely to appreciate to Rs 830.0, within 12-18 months, translating into a gain of about 32%," says Justtrade.in's research report.
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