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Last Updated : May 03, 2018 03:17 PM IST | Source: Moneycontrol.com

Buy Maruti Suzuki; target of Rs 11085: Sharekhan

Sharekhan is bullish on Maruti Suzuki has recommended buy rating on the stock with a target price of Rs 11085 in its research report dated April 27, 2018.

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Sharekhan's research report on Maruti Suzuki


Maruti Suzuki Ltd (MSIL) reported an in–line operating performance for the quarter. The topline at Rs 21,166 cr is up 15% y-o-y driven by a 11% y-o-y volume growth on account of strong demand for its recent launches. The realizations per vehicle is up 3% y-o-y attributable to a favorable product mix and price hikes taken by  the company.

Outlook

We have fine tuned our earnings estimates for both FY2019 and FY2020. We maintain our Buy recommendation on the stock with an unchanged PT of Rs 11,085.

For all recommendations report, click here


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First Published on May 3, 2018 03:17 pm
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