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We had initiating Coverage on Maruti Suzuki India Ltd on Mar. 05, 2021 at a market price of Rs.7,300 for a target price of Rs.9,553, showcasing an upside of ~31%

With the recent run-up in the share price, the stock is nearing our target price. We advise our investors to book profits at current levels as we close our recommendation on the stock and change our rating to NEUTRAL.

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