Sharekhan is bullish on Maruti Suzuki has recommended buy rating on the stock with a target price of Rs 10500 in its research report dated June 21, 2018.
Sharekhan's research report on Maruti Suzuki
Maruti Suzuki India Limited (MSIL) to witness increased costs due to JPY appreciation. Strong order backlog coupled with robust product pipeline to enable MSIL continue outpacing industry. Gujarat plant to reach Phase 1 full capacity of 7.5 lakh units by the beginning of 2020.Outlook
We retain our Buy rating on the stock with a revised PT of Rs. 10,500. MSIL remains our preferred pick.
For all recommendations report, click here
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