Motilal Oswal recommends buying Maruti Suzuki India with a target price of Rs 15,160. The stock is currently priced at Rs 13,484.4.
About Maruti Suzuki:
- Founded in 1981
- Market cap: Rs 4,12,364.13 crore
- Sector: Auto
- Main Revenue Sources:
- Passenger Cars & Light Duty Utility Vehicles
- Spare Parts & Components
- Service Income
- Scrap
- Rental Income
Financial Performance:
For the quarter ending 30-06-2024:
- Total Income: Rs 36,839.90 crore (down 7.10% from Rs 39,654.80 crore last quarter, but up 10.57% from Rs 33,316.90 crore a year ago)
- Net Profit: Rs 3,702.10 crore
Ownership Breakdown:
- Promoters: 58.19%
- Foreign Institutional Investors (FIIs): 18.98%
- Domestic Institutional Investors (DIIs): 19.33%
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