Insights

Maruti Suzuki India Ltd.

November 20, 2018 . Equities Admin

Maruti Suzuki India Limited (MSIL), a subsidiary of Suzuki Motor Corporation, is India’s largest passenger car company, accounting for over 50% of the domestic car market.

Outlook and Valuation: We have also reduced our target multiple to factor dismal festive sales and adverse forex movement. However, we remain positive on the stock given its strong product portfolio, well-entrenched distribution network and robust RoE/RoCE profile. We maintain BUY rating on the stock as recent stock price correction provides a good entry point for long-term investors. Our target price (TP) stands at Rs. 8,419 based on 22x FY21E EPS.

Research-Report – Maruti Suzuki India Ltd

Investments in equity shares, debentures, etc., are not obligations of, or guaranteed by Wealth India Financial Services Pvt. Ltd., and are subject to investment risks. Click here to read our full disclaimer.

Get FundsIndia’s articles delivered straight to your inbox!

Enter your email address to get:

  • Mutual fund recommendations from experts
  • Buy, hold or sell calls for stocks
  • Investment tips and tricks
  • All the latest news from Fundsindia.com

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.