{"id":14476,"date":"2018-11-20T11:10:29","date_gmt":"2018-11-20T05:40:29","guid":{"rendered":"https:\/\/www.fundsindia.com\/blog\/?p=14476"},"modified":"2019-11-07T16:09:37","modified_gmt":"2019-11-07T10:39:37","slug":"maruti-suzuki-india-ltd-3","status":"publish","type":"post","link":"https:\/\/fundsindia.com\/blog\/equities\/maruti-suzuki-india-ltd-3\/14476","title":{"rendered":"Maruti Suzuki India Ltd."},"content":{"rendered":"<p>Maruti Suzuki India Limited (MSIL), a subsidiary of Suzuki Motor Corporation, is India&#8217;s largest passenger car company, accounting for over 50% of the domestic car market.<\/p>\n<p><strong>Outlook and Valuation:<\/strong> We have also reduced our target multiple to factor dismal festive sales and adverse forex movement. However, we remain positive on the stock given its strong product portfolio, well-entrenched distribution network and robust RoE\/RoCE profile. We maintain BUY rating on the stock as recent stock price correction provides a good entry point for long-term investors. Our target price (TP) stands at Rs. 8,419 based on 22x FY21E EPS.<\/p>\n<p><a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2018\/11\/Research-Report-Maruti-Suzuki-India-Ltd.pdf\" target=\"_blank\" rel=\"noopener\">Research-Report &#8211; Maruti Suzuki India Ltd<\/a><\/p>\n<p><em>Investments in equity shares, debentures, etc., are not obligations of, or guaranteed by Wealth India Financial Services Pvt. Ltd., and are subject to investment risks.\u00a0<\/em><a href=\"http:\/\/pages.fundsindia.com\/pages\/disclaimer-equities\/\"><em>Click here<\/em><\/a><em>\u00a0to read our full disclaimer.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Maruti Suzuki India Limited (MSIL), a subsidiary of Suzuki Motor Corporation, is India&#8217;s largest passenger car company, accounting for over 50% of the domestic car market. Outlook and Valuation: We have also reduced our target multiple to factor dismal festive sales and adverse forex movement. However, we remain positive on the stock given its strong [&hellip;]<\/p>\n","protected":false},"author":31,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[59],"tags":[523],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Maruti Suzuki India Ltd.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fundsindia.com\/blog\/equities\/maruti-suzuki-india-ltd-3\/14476\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Maruti Suzuki India Ltd.\" \/>\n<meta property=\"og:description\" content=\"Maruti Suzuki India Limited (MSIL), a subsidiary of Suzuki Motor Corporation, is India&#8217;s largest passenger car company, accounting for over 50% of the domestic car market. Outlook and Valuation: We have also reduced our target multiple to factor dismal festive sales and adverse forex movement. 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