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    Buy Maruti Suzuki India, target price Rs 10965 : Sharekhan by BNP Paribas

    Synopsis

    Maruti Suzuki India, incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 266223.16 Crore) operating in Auto sector.

    Maruti SuzukiAgencies
    The brokerage is positive on Maruti Suzuki in the PV segment, as it is regaining its market share in the SUV segment, driven by new launches.

    INSIGHTS

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    Explore Now
    Sharekhan by BNP Paribas has buy call on Maruti Suzuki India with a target price of Rs 10965. The current market price of Maruti Suzuki India is Rs 8815.1.

    Maruti Suzuki India, incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 266223.16 Crore) operating in Auto sector.

    Maruti Suzuki India 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 has 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 has reported net profit after tax of Rs 2050.00 Crore in latest quarter.

    The company’s top management includes Mr.R C Bhargava, Mr.Kenichiro Toyofuku, Mr.T Suzuki, Mr.O Suzuki, Mr.Maheswar Sahu, Ms.Lira Goswami, Mr.R P Singh, Mr.D S Brar, Mr.Shigetoshi Torii, Mr.Hisashi Takeuchi, Mr.Kenichi Ayukawa, Mr.Kinji Saito. Company has Deloitte Haskins & Sells LLP as its auditors. As on 30-09-2022, the company has a total of 30 Crore shares outstanding.

    Investment Rationale
    The brokerage is positive on Maruti Suzuki in the PV segment, as it is regaining its market share in the SUV segment, driven by new 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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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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