Sell Maruti Suzuki India, target Rs 6,700: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a sell call on Maruti Suzuki India Ltd. with a target price of Rs 6700. The current market price of Maruti Suzuki India Ltd. is Rs 6848.5. 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 stoploss at Rs 6920. Maruti Suzuki India Ltd., incorporated in 1981, has a market cap of Rs 210640.43 crore.

Maruti Suzuki India Ltd. key Products/Revenue Segments include Passenger Cars & Light Duty Utility Vehicles which contributed Rs 73131.40 Crore to Sales Value (89.19 % of Total Sales), Spare Parts & Components which contributed Rs 7180.30 Crore to Sales Value (8.75 % of Total Sales), Other Operating Revenue which contributed Rs 625.60 Crore to Sales Value (0.76 % of Total Sales), Scrap which contributed Rs 498.60 Crore to Sales Value (0.60 % of Total Sales), Service Income which contributed Rs 491.00 Crore to Sales Value (0.59 % of Total Sales), Rental Income which contributed Rs 42.70 Crore to Sales Value (0.05 % of Total Sales) and Mould & Dies which contributed Rs 24.80 Crore to Sales Value (0.03 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-03-2019, the company has reported a Standalone sales of Rs 20737.50 Crore, up 9.57 % from last quarter Sales of Rs 18926.40 Crore and up .70 % from last year same quarter Sales of Rs 20594.30 Crore Company has reported net profit after tax of Rs 1795.60 Crore in latest quarter. The company’s top management includes Mr.D S Brar, Mr.K Ayabe, Mr.K Ayukawa, Mr.K Saito, Mr.K Yamaguchi, Mr.O Suzuki, Mr.R C Bhargava, Mr.R P Singh, Mr.T Hasuike, Mr.T Suzuki, Ms.P Shroff, Ms.R S Karnad. Company has Deloitte Haskins & Sells LLP as its auditoRs As on 31-03-2019, the company has a total of 302,080,060 shares outstanding.

Be the first to comment

Leave a Reply

Your email address will not be published.


*