On July 31, Maruti Suzuki India told stock exchanges that the company's board had accepted the termination of the contract manufacturing agreement with Suzuki Motor Gujarat Private Limited (SMG).
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Maruti Suzuki intends to acquire SMC's entire shareholding in SMG to conclude the contract manufacturing agreement.
The project will follow a build, own, and operate (BOO) model, with an estimated development cost of around Rs 600 crore
With record SIP inflows of Rs16,042 crore, It looks like systematic investing is here to stay in India.
Recommendation: Buy; Target Price: Rs 3050
Recommendation: Add; Target Price: Rs 1270
Recommendation: Buy; Target Price: Rs 1530
Among the key launches that are lined up: – DLF (Crest 2, New Gurgaon launch), Prestige (Hyderabad and Chennai), GPL (Ashok Vihar, Worli), Brigade (Chennai) and Oberoi Realty (Thane Pokaran launch).
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