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Last Updated : Apr 26, 2019 05:29 PM IST | Source: Moneycontrol.com

Hold Maruti Suzuki; target of Rs 7150: Sharekhan

Sharekhan recommended hold rating on Maruti Suzuki with a target price of Rs 7150 in its research report dated April 25, 2019.

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Sharekhan's research report on Maruti Suzuki


Q4 results were a miss on the operating front as higher commodity, forex costs & discounts dented margins. Earnings growth expected to be flattish in FY2020 as subdued volumes and margin pressures to dent earnings. Operational headwinds will continue to persist. Maintain cautious view on the stock.


Outlook


We retain Hold rating on Maruti Suzuki India Ltd (MSIL) with a revised PT of Rs7,150.


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.



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First Published on Apr 26, 2019 05:29 pm
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