Buy now! Experts say 8 stocks to see 22-130% Q1 profit growth

Sat, Jul 06, 2013 at 16:12

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Maruti Suzuki

Q1FY14 Profit (estimates):  : Rs 785 crore

YoY jump (estimates): 85.2%

Target: Rs 1822

Rating: BUY

Rationale: It reported around10% YoY decline in volumes in 1QFY2014 on account of a slowdown in petrol and diesel car sales and also due to decline in exports. However, with a 10% YoY growth in net average realisation, due to superior product-mix and price increases, it expects only a marginal decline of around1% in the top-line (excluding Suzuki Power Train operations).

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