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Buy Maruti Suzuki, target price Rs 7,650: Shubham Aggarwal

Shubham Aggarwal recommended to keep stoploss at Rs 7050.

ETMarkets.com|
Updated: Nov 15, 2019, 09.06 AM IST
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Maruti Suzuki India Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 218920.44 Crore) operating in Auto sector.
Shubham Aggarwal of Quantsapp Advisory has buy call on Maruti Suzuki India Ltd. with a target price of Rs 7650.0 . The current market price of Maruti Suzuki India Ltd. is Rs 7247.1 Shubham Aggarwal recommended to keep stoploss at Rs 7050
Maruti Suzuki India Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 218920.44 Crore) operating in Auto sector.

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 30-09-2019, the company has reported a Consolidated sales of Rs 16123.20 Crore, down -13.96 % from last quarter Sales of Rs 18738.80 Crore and down -25.20 % from last year same quarter Sales of Rs 21553.70 Crore Company has reported net profit after tax of Rs 1347.60 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 30-09-2019, the company has a total of 302,080,060 shares outstanding.

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