Buy Maruti Suzuki India, target price Rs 7850: Motilal Oswal

Motilal Oswal has given a buy rating to Maruti Suzuki India with a target price of Rs 7850. The share price moved up by 0.58 per cent from its previous close of Rs 6993.25. The stock’s last traded price is Rs 7033.65.

Maruti Suzuki India Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 212181.03 Crore) operating in Auto sector.

Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 17691.90 Crore, up 380.89 % from last quarter Sales of Rs 3679.00 Crore and up 9.73 % from last year same quarter Sales of Rs 16123.20 Crore Company reported net profit after tax of Rs 1362.40 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 56.3 per cent stake in the company as of June 30, 2020, while FIIs held 21.5 per cent, DIIs 17.1 per cent and public and others 5.2 per cent.