Maruti Suzuki India stocks: Buy Maruti Suzuki India, target price Rs 12000: JM Financial

has purchase name on with a goal value of Rs 12000. The present market value of Maruti Suzuki India is Rs 8774.7. Time interval given by analyst is 12 months when Maruti Suzuki India value can attain outlined goal.

Maruti Suzuki India, integrated within the yr 1981, is a Giant Cap firm (having a market cap of Rs 264622.13 Crore) working in Auto sector.

Maruti Suzuki India key Merchandise/Income Segments embody Passenger Automobiles & Gentle Responsibility Utility Autos, Spare Elements & Parts, Different Working Income, Service Earnings, Scrap, Mould & Dies and Rental Earnings for the yr ending 31-Mar-2022.

For the quarter ended 31-12-2022, the corporate has reported a Consolidated Whole Earnings of Rs 29918.40 Crore, down -2.04 % from final quarter Whole Earnings of Rs 30541.70 Crore and up 26.87 % from final yr similar quarter Whole Earnings of Rs 23581.20 Crore. Firm has reported internet revenue after tax of Rs 2355.50 Crore in newest quarter.

The corporate’s high administration consists of 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. Firm has Deloitte Haskins & Sells LLP as its auditors. As on 31-12-2022, the corporate has a complete of 30 Crore shares excellent.

Funding Rationale
New mannequin launches, wholesome order ebook and commodity/working leverage tailwinds will additional help robust efficiency going forward, famous the brokerage. JM Monetary ascribes 25x PE to reach at Mar’24 truthful worth of Rs 12,000.

(Disclaimer: Suggestions given on this part or any studies hooked up herein are authored by an exterior get together. Views expressed are that of the respective authors/entities. These don’t characterize the views of Financial Instances (ET). ET doesn’t assure, vouch for, endorse any of its contents and hereby disclaims all warranties, specific or implied, referring to the identical. Please seek the advice of your monetary adviser and search impartial recommendation.

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