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.


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.

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