Get rich stock: Maruti Suzuki share price to rise 21 pct by next Diwali, say experts
Maruti Suzuki Share Price: Post-Diwali 2019 profit booking, the auto counter is expected to shoot from Rs 7,000 to Rs 8,500 levels by Diwali 2020, say experts.
Maruti Suzuki Share Price: According to the stock market experts, Maruti Suzuki is expected to showcase a sharp rise in post-profit booking after Diwali 2019. They are advising share market investors to buy Maruti Suzuki share price at around Rs 7,000 for the target of Rs 8,500 levels in one-year time frame. Maruti Suzuki share price today is oscillating around Rs 7,435 per stock level.
Notably, net realizations of Maruti Suzuki increased by 9.5 per cent YoY to Rs 5,02,000 in Q2FY20, driven by compliance-related price increases. Discounts were up 100bp YoY at Rs 25.8k. Revenue declined 24 per cent YoY to Rs 169.8b. EBIT margin shrank 730bp YoY to 4 per cent but was above estimate of 1.5 per cent on account of initiatives to reduce RM and other expenses, says Motilal Oswal. PBT was down 48 per cent YoY to Rs 15.7b, while the PAT decline was restricted to 35 per cent owing to lower tax.
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