Stocks

Maruti Suzuki India stocks: Buy Maruti Suzuki India, target price Rs 11800: BNP Paribas

has buy call on . with a target price of Rs 11800. The current market price of Maruti Suzuki India is Rs 9511.9.

Maruti Suzuki India Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 287368.76 Crore) operating in Auto sector.

Ltd. key Products/Revenue Segments include Passenger Cars & Light Duty Utility Vehicles, Spare Parts & Components, Other Operating Revenue, Service Income, Scrap, Mould & Dies and Rental Income for the year ending 31-Mar-2022.

Financials

For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 30541.70 Crore, up 14.85 % from last quarter Total Income of Rs 26592.70 Crore and up 45.05 % from last year same quarter Total Income of Rs 21056.50 Crore. Company reported net profit after tax of Rs 2050.00 Crore in latest quarter.

Investment Rationale
Key downside risks to P/E-based target price include: 1) Any incremental supply constraints; 2) higher-than-expected impact of commodity inflation; 3) significant increase in competitive pressure from peers; and 4) failure of new-model launches.


Promoter/FII Holdings
Promoters held 56.37 per cent stake in the company as of 30-Sep-2022, while FIIs owned 21.89 per cent, DIIs 18.1 per cent.

(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.


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