Buy Maruti Suzuki, target Rs 11085: Sharekhan
Buy Maruti Suzuki India, at a price target of Rs 11085.
By ETMarkets.com | Updated:
Sharekhan has a buy call on Maruti Suzuki India Ltd. with a target price of Rs 11085. The current market price of Maruti Suzuki India Ltd. is Rs 8910.
The time period given by the analyst is a year when Maruti Suzuki India Ltd. price can reach the defined target.
Maruti Suzuki India Ltd., incorporated in 1981, is a largecap company with a market cap of Rs 266519.20 crore, operating in Auto sector.
Investment rationale by SharekhanWith, MSIL bagging numero uno position in utility vehicles in FY2018, the company has achieved the unique feat of gaining leadership across all three categories of passenger vehicle segments viz passenger cars, utility vehicles and vans in FY2018. MSIL increased its passenger vehicle share from 47.3% in FY2017 to 50% in FY2018. With a strong order backlog and a robust launch pipeline, MSIL will further fortify its leadership position. Maruti Suzuki is amongst our top picks in the automotive space.
Valuation- Maintain Buy with an unchanged PT of Rs 11,085: MSIL’s revenues and earnings are expected to grow by 16% and 26% CAGR respectively over FY2018-2020 period. We have fine tuned our earnings estimates for both FY2019 and FY2020. We maintain our Buy recommendation on the stock with an unchanged PT of Rs 11,085.
The time period given by the analyst is a year when Maruti Suzuki India Ltd. price can reach the defined target.
Maruti Suzuki India Ltd., incorporated in 1981, is a largecap company with a market cap of Rs 266519.20 crore, operating in Auto sector.
Investment rationale by SharekhanWith, MSIL bagging numero uno position in utility vehicles in FY2018, the company has achieved the unique feat of gaining leadership across all three categories of passenger vehicle segments viz passenger cars, utility vehicles and vans in FY2018. MSIL increased its passenger vehicle share from 47.3% in FY2017 to 50% in FY2018. With a strong order backlog and a robust launch pipeline, MSIL will further fortify its leadership position. Maruti Suzuki is amongst our top picks in the automotive space.
Valuation- Maintain Buy with an unchanged PT of Rs 11,085: MSIL’s revenues and earnings are expected to grow by 16% and 26% CAGR respectively over FY2018-2020 period. We have fine tuned our earnings estimates for both FY2019 and FY2020. We maintain our Buy recommendation on the stock with an unchanged PT of Rs 11,085.
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