Maruti Suzuki India Ltd
MARUTI

5,919.60

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Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

5,921.00

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

5,952.00

Open ()
Open Interest
(Contracts)
VWAP ()
Day's Vol
(shares)
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Buy
Reco. Price
Rs 6070.00
We recommend BUY on the stock on expectations of strong volume growth of ~20% CAGR over FY16-18E as against 5% over FY13-15. We expect rural market recovery (35% of MSIL’s sales) and strong product pipeline to provide volume-led growth. The stock is trading at P/E of ~19.8x on FY18E earnings. (Target Price- Rs.6,990)
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50 DMA (.)
5,736.15
100 DMA (.)
5,558.60
200 DMA (.)
5,094.75
Weekly Range (.)
5,885.15
6,092.10
Monthly Range (.)
5,842.20
6,233.90
52 Weeks Range (.)
3,193.25
6,233.90
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