Prabhudas Lilladher, a reputable financial firm, has issued a buy recommendation for Maruti Suzuki India Ltd., setting a target price of Rs 11,500. Currently, Maruti Suzuki India Ltd. is trading at a market price of Rs 10,395.
Maruti Suzuki India Ltd., established in the year 1981, is a prominent player in the Auto sector. It operates as a Large Cap company with a substantial market capitalization of Rs 313,166.40 Crore.
The key Products/Revenue Segments for Maruti Suzuki India Ltd. encompass Passenger Cars & Light Duty Utility Vehicles, Spare Parts & Components, Other Operating Revenue, Service Income, Scrap, Mould & Dies, and Rental Income for the financial year concluding on March 31, 2022.
In the financial quarter ending on June 30, 2023, Maruti Suzuki India reported a Consolidated Total Income of Rs 33,316.90 Crore. This figure represents a noteworthy increase of 1.57% compared to the Total Income of Rs 32,802.50 Crore in the previous quarter and a substantial surge of 25.29% compared to the Total Income of Rs 26,592.70 Crore during the same quarter in the previous year. Furthermore, the company achieved a net profit after tax amounting to Rs 2,463.00 Crore during the latest quarter.
As of June 30, 2023, the promoter’s stake in Maruti Suzuki India stood at 56.48%, while FIIs (Foreign Institutional Investors) held 21.87%, and DIIs (Domestic Institutional Investors) owned 18.05% of the company.
Prabhudas Lilladher’s buy recommendation for Maruti Suzuki India suggests a positive outlook on the company’s stock, indicating potential opportunities for growth that investors may consider.
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