Buy Maruti Suzuki India, target Rs 6,500: Jay Thakkar

Jay Thakkar of Anand Rathi has a buy call on Maruti Suzuki India Ltd. with a target price of Rs 6,500. The current market price of Maruti Suzuki India Ltd. is Rs 6222.95. Time period given by the analyst is Intra Day when Maruti Suzuki India Ltd. price can reach the defined target. Jay Thakkar recommended to keep stoploss at Rs 6125. Maruti Suzuki India Ltd., incorporated in 1981, has a market cap of Rs 187982.91 crore.

Maruti Suzuki India Ltd. key Products/Revenue Segments include Passenger Cars & Light Duty Utility Vehicles which contributed Rs 73131.40 Crore to Sales Value (89.19 % of Total Sales), Spare Parts & Components which contributed Rs 7180.30 Crore to Sales Value (8.75 % of Total Sales), Other Operating Revenue which contributed Rs 625.60 Crore to Sales Value (0.76 % of Total Sales), Scrap which contributed Rs 498.60 Crore to Sales Value (0.60 % of Total Sales), Service Income which contributed Rs 491.00 Crore to Sales Value (0.59 % of Total Sales), Rental Income which contributed Rs 42.70 Crore to Sales Value (0.05 % of Total Sales) and Mould & Dies which contributed Rs 24.80 Crore to Sales Value (0.03 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 30-06-2019, the company has reported a Consolidated sales of Rs 18738.80 Crore, down -9.65 % from last quarter Sales of Rs 20740.70 Crore and down -14.10 % from last year same quarter Sales of Rs 21813.80 Crore Company has reported net profit after tax of Rs 1363.40 Crore in latest quarter. The company’s top management includes Mr.D S Brar, Mr.Hiroshi Sakamoto, Mr.Hisashi Takeuchi, Mr.K Ayukawa, Mr.K Saito, Mr.O Suzuki, Mr.R C Bhargava, Mr.R P Singh, Mr.T Suzuki, Mr.Takahiko Hashimoto, Ms.P Shroff, Ms.Pallavi Shroff, Ms.R S Karnad. Company has Deloitte Haskins & Sells LLP as its auditors. As on 30-06-2019, the company has a total of 302,080,060 shares outstanding.