Maruti Suzuki: 'Tough times ahead' – Market Performer
CMP Rs1,080, Target Rs1,165, Upside 7.8%
Maruti Suzuki India Ltd (MSIL)'s FY11 annual report lays a lot of stress on its Research & Development and technological initiatives. The company is focusing on improving efficiency of existing models and developing models based on alternative fuels such as electricity and CNG. While the company is currently expanding its manufacturing capacities, the macro outlook continues to be plagued by multiple headwinds in the form of rising interest rates, higher fuel prices, slowing economic growth, etc. For MSIL, increased competition has added to the woes. We maintain our Market Performer rating with a revised 9-month price target of Rs1,165.
Source:- IIFL PReMIA
Thanks & Regards
Rohit Saxena
Phone No: 09899365905
Mail Id: simmi9sep@gmail.com
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