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. shares remain in focus after Motilal Oswal reiterated its ‘Buy' rating on the stock, and has set the target price to Rs 15,529, implying an upside of around 20%.
Valuation and view
According to Motilal Oswal the GST rate cut has helped revive small car demand as vehicles are much more affordable for price-conscious consumers. Maruti Suzuki now enjoys a strong order backlog of 190k units.
Given its order backlog and a healthy new launch pipeline, management is confident of posting 10% volume growth in the domestic market in FY27E, which is expected to drive market share recovery for Maruti Suzuki. This would, in turn, drive the stock re-rating, in the brokerage's view.
Healthy demand is expected to help offset near-term cost headwinds.
Motilal Oswal expects Maruti Suzuki to deliver a 16% earnings CAGR over FY26-28. The brokerage has reiterated its Buy rating with a TP of Rs 15,529, valued at 25x FY28E earnings per share.
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.
