Sell Maruti Suzuki India, price target Rs 6,800: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a sell call on Maruti Suzuki India Ltd. with a target price of Rs 6800.0 . The current price of Maruti Suzuki India Ltd. is Rs 7075.85 Time period given by the analyst is Intra Day when Maruti Suzuki India Ltd. price can reach the defined target. Manas Jaiswal recommended to keep a stoploss at Rs 7106 .

Maruti Suzuki India Ltd., incorporated in 1981, has a market cap of Rs 211363.91 crore.
Maruti Suzuki India Ltd. key Products/Revenue Segments include Passenger Cars & Light Duty Utility Vehicles which contributed Rs 74771.50 Crore to Sales Value (86.92 % of Total Sales), Spare Parts & Components which contributed Rs 8229.50 Crore to Sales Value (9.56 % of Total Sales), Other Operating Revenue which contributed Rs 1356.40 Crore to Sales Value (1.57 % of Total Sales), Service Income which contributed Rs 1033.20 Crore to Sales Value (1.20 % of Total Sales), Scrap which contributed Rs 570.50 Crore to Sales Value (0.66 % of Total Sales), Rental Income which contributed Rs 33.70 Crore to Sales Value (0.03 % of Total Sales) and Mould & Dies which contributed Rs 25.50 Crore to Sales Value (0.02 % of Total Sales)for the year ending 31-Mar-2019.


For the quarter ended 31-12-2019, the company has reported a Consolidated sales of Rs 19655.50 Crore, up 21.91 % from last quarter Sales of Rs 16123.20 Crore and up 3.83 % from last year same quarter Sales of Rs 18930.70 Crore Company has reported net profit after tax of Rs 1568.70 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 31-12-2019, the company has a total of 302,080,060 shares outstanding.