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Buy Maruti Suzuki India, target Rs 9145: Chandan Taparia

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Chandan Taparia of Motilal Oswal Securities has a buy call on Maruti Suzuki India Ltd. with a target price of Rs 9145. The current market price of Maruti Suzuki India Ltd. is Rs 8792.15. Time period given by the analyst is Intra Day when Maruti Suzuki India Ltd. price can reach defined target. Chandan Taparia recommended to keep stoploss at Rs 8640.
Maruti Suzuki India Ltd., incorporated in 1981, is a largecap company with a market cap of Rs 265593.32 crore.

Maruti Suzuki India Ltd. key Products/Revenue Segments include Passenger Cars & Light Duty Utility Vehicles which contributed Rs 69625.30 Crore to Sales Value (90.11 % of Total Sales), Spare Parts & Components which contributed Rs 6474.10 Crore to Sales Value (8.37 % of Total Sales), Service Income which contributed Rs 391.70 Crore to Sales Value (0.50 % of Total Sales), Scrap which contributed Rs 383.00 Crore to Sales Value (0.49 % of Total Sales), Other Operating Revenue which contributed Rs 350.70 Crore to Sales Value (0.45 % of Total Sales), Mould & Dies which contributed Rs 41.40 Crore to Sales Value (0.05 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 31-03-2018, the company has reported a Standalone sales of Rs 20594.30 Crore, up 8.73 % from last quarter Sales of Rs 18940.00 Crore and up 14.38 % from last year same quarter Sales of Rs 18005.20 Crore Company has reported net profit after tax of Rs 1882.10 Crore in latest quarter.
The companys top management includes Mr.D S Brar, Mr.K Ayabe, Mr.K Ayukawa, Mr.K Saito, Mr.O Suzuki, Mr.R C Bhargava, Mr.R P Singh, Mr.Shigetoshi Torii, Mr.T Hasuike, Mr.T Suzuki, Ms.P Shroff, Ms.R S Karnad. Company has Deloitte Haskins & Sells LLP as its auditoRs As on 31-03-2018, the company has a total of 302,080,060 shares outstanding.

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