Sharekhan recommended hold rating on Maruti Suzuki with a target price of Rs 7150 in its research report dated April 25, 2019.
Sharekhan's research report on Maruti Suzuki
Q4 results were a miss on the operating front as higher commodity, forex costs & discounts dented margins. Earnings growth expected to be flattish in FY2020 as subdued volumes and margin pressures to dent earnings. Operational headwinds will continue to persist. Maintain cautious view on the stock.
Outlook
We retain Hold rating on Maruti Suzuki India Ltd (MSIL) with a revised PT of Rs7,150.
For all recommendations report, click here
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