Sharekhan recommended hold rating on Maruti Suzuki with a target price of Rs 6950 in its research report dated March 19, 2019.
Sharekhan's research report on Maruti Suzuki
Prolonged slowdown in PV industry coupled with margin pressures have led to risk of likely downgrades. Earnings is expected to remain in declining trend for next two quarters. We have cut our estimates by 7% for FY20 and FY21 to factor demand slowdown and margin pressures.
Outlook
We retain Hold rating on the stock with PT of Rs 6,950 and continue to advise investors to refrain from adding any fresh position in stock.
For all recommendations report, click here
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