Hold Maruti Suzuki India, target Rs 5340 : Centrum Research

Centrum Broking has a hold call on Maruti Suzuki India Ltd. with a target price of Rs 5340 .The current market price of Maruti Suzuki India Ltd. is Rs 5676. The time period given by the brokerage is a year when Maruti Suzuki India Ltd. price can reach the defined target. he brokerage said the company reported a stellar Q2FY17 with PAT at Rs 2390 crore. It said that decade high EBITDA margin at 17% was helped by lower raw material, employee and other costs. However, it said cur rent valuations leave limited upside in near term.