Motilal Oswal has issued a “buy” call for Maruti Suzuki India Ltd. with a target price of Rs 11150. Currently, the stock is trading at Rs 10320.
Maruti Suzuki India Ltd. is a well-established player in the automotive sector and is classified as a Large Cap company with a market capitalization of Rs 313861.18 Crore.
The company’s primary revenue segments include Passenger Cars & Light Duty Utility Vehicles, Spare Parts & Components, Other Operating Revenue, Service Income, Scrap, Mould & Dies, and Rental Income. In the quarter ending on June 30, 2023, Maruti Suzuki India reported a consolidated total income of Rs 33316.90 Crore, marking a 1.57% increase compared to the previous quarter and a significant 25.29% increase compared to the same quarter last year. The company also reported a net profit after tax of Rs 2463.00 Crore in the latest quarter.
As of June 30, 2023, the promoters of Maruti Suzuki India held a 56.48% stake in the company, while foreign institutional investors (FIIs) owned 21.87%, and domestic institutional investors (DIIs) held 18.05%.
Investors looking to make informed decisions about investing in Maruti Suzuki India may find Motilal Oswal’s “buy” recommendation and target price of Rs 11150 to be valuable information as they evaluate their investment options.
