Moneycontrol
Get App
Last Updated : Sep 18, 2018 04:54 PM IST | Source: Moneycontrol.com

Accumulate Maruti Suzuki India; target of Rs 10360: Kotak Securities

Kotak Securities recommended accumulate rating on Maruti Suzuki India with a target price of Rs 10360 in its research report dated July 27, 2018.

Broker Research @moneycontrolcom
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Kotak Securities's research report on Maruti Suzuki India


MSIL’s 1QFY19 revenues came on expected lines. However below expected EBITDA, lower other income and higher tax led to lower than expected net profit. MSIL reported 24% volume growth and saw its market share increase to 52.5% in 1QFY19.


Outlook


Company highlighted that impact of adverse forex mix will play out in the coming quarters. Over the medium to long term, we expect MSIL to witness gradual improvement in margins. We rate the stock as ACCUMULATE (earlier BUY) with unchanged price target of Rs10,360.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

First Published on Aug 1, 2018 04:38 pm
More From
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant