NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Maruti Suzuki India Ltd.'s Q1 FY25 operating performance beat our estimates as margins improved QoQ despite lower volumes and higher discounts.
Margin improvement was driven by lower input costs, favorable currency benefits and higher other operating income.
The stock trades at 26 times /22 times FY25E/FY26E consolidated earnings per share.
Any favorable tax on hybrids may drive incremental re-rating. Reiterate Buy with a target price of Rs 15,160 (premised on 26 times June-26E consolidated EPS).
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
