Moneycontrol PRO

Buy Maruti Suzuki; target of Rs 10,000: ICICI Direct

ICICI Direct is bullish on Maruti Suzuki has recommended buy rating on the stock with a target price of Rs 10,000 in its research report dated July 28, 2022.

July 29, 2022 / 07:00 PM IST
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

ICICI Direct's research report on Maruti Suzuki


Maruti Suzuki (MSIL) is the market leader in the domestic passenger vehicle (PV) space with market share pegged at ~43.4% and popular models being Alto, WagonR, Swift, Brezza, Baleno, Ertiga, etc., among others. Market leader in each sub-segment - cars (63.6%), UV (19.5%), vans (95.7%) • Strong b/s; ~₹ 42,000 crore cash and investment on books as of FY22.


Outlook


Upgrading our estimates, we now value MSIL at Rs 10,000 i.e., 33x P/E on FY24E EPS of ₹333/share (previous target Rs 9,630).


For all recommendations report, click here

Close

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.

Maruti Suzuki - 280722 - icici

Broker Research
first published: Jul 29, 2022 07:00 pm
Sections
ISO 27001 - BSI Assurance Mark