Buy Maruti Suzuki India, target price Rs 9800: Axis Securities

Axis Securities has buy call on Maruti Suzuki India with a target price of Rs 9800. The current market price of Maruti Suzuki India is Rs 8397.4. Time period given by analyst is one year when Maruti Suzuki India Ltd. price can reach defined target.

Maruti Suzuki India Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 253825.79 Crore) operating in Auto sector.

Maruti Suzuki India Ltd. key Products/Revenue Segments include Passenger Cars & Light Duty Utility Vehicles, Mould & Dies, Other Operating Revenue, Service Income, Scrap, Rental Income for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 27191.90 Crore, up 15.31 % from last quarter Total Income of Rs 23581.20 Crore and up 12.72 % from last year same quarter Total Income of Rs 24124.20 Crore. Company reported net profit after tax of Rs 1804.20 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 56.37 per cent stake in the company as of 31-Mar-2022, while FIIs owned 22.57 per cent, DIIs 16.25 per cent.