Powered by: Motilal Oswal

News

Buy Maruti Suzuki Ltd For Target Rs 11,500 JM Financial Institutional Securities MSIL Board recently approved termination of contract manufacturing agreement with Suzuki Motor Gujarat (SMG) and consolidates entire manufacturing under one-roof by acquiring SMG from Suzuki Motor Corporation (SMC), Japan. The company plans to make this acquisition via issuance of shares to SMC and will seek approval from its minority shareholders. In hindsight, MSIL’s shareholders benefitted from favourable terms of the agreement and conserved cash outflow on capacity expansion. Acquir...
Buy Maruti Suzuki Ltd For Target Rs 11,500 JM Financial Institutional Securities
Buy Maruti Suzuki Ltd For Target Rs 11,500 JM Financial Institutional Securities
Source: JM Financial Institutional Securities
16/08/2023 2:20:46 PM
Stock Picks : Divis Laboratories Ltd and Maruti Suzuki Ltd By ICICI Direct Divis Laboratories (DIVLAB) Ltd  Buy Divis Laboratories (DIVLAB) Ltd @3718-3722; Target 3762.00; Stop Loss 3694.40   Maruti Suzuki Ltd Buy Maruti Suzuki Ltd @ 9320-9325; Target 9252.00; Stop Loss 9366.40     To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   Above views are...
Stock Picks : Divis Laboratories Ltd and Maruti Suzuki Ltd By ICICI Direct
Stock Picks : Divis Laboratories Ltd and Maruti Suzuki Ltd By ICICI Direct
Source: ICICI Direct
16/08/2023 10:46:13 AM
Buy Maruti Suzuki Ltd For Target Rs.11,500 - JM Financial Institutional Securities Ltd In 1QFY24, MSIL’s Adj. EBITDA margin came in at 10% (+280bps YoY, -50bps QoQ), c.50bps below JMFe. Sequential decline in margin was due to new launch expenses and higher discounts. Employee cost had one-off impact of 80bps related to employee retention bonus. MSIL lost c.28k units due to chip shortage during 1QFY24. Management highlighted that chip supplies have largely normalised. Order inflow continues to remain healthy with over c.355k units of pending bookings led by recent launches...
Buy Maruti Suzuki Ltd For Target Rs.11,500 - JM Financial Institutional Securities Ltd
Buy Maruti Suzuki Ltd For Target Rs.11,500 - JM Financial Institutional Securities Ltd
Source: JM Financial Institutional Securities Ltd
11/08/2023 2:09:37 PM
Add Maruti Suzuki Ltd For Target Rs.10,923 - ICICI Securities Ltd Maruti Suzuki (MSIL) has reported EBITDAM of 9.2%, down 130bps QoQ, despite 50bps QoQ improvement in GM, as 80bps non-recurring expenses under staff cost impacted margins in Q1FY24. ASP was up 4% QoQ to INR 650k/unit with blended discount being up ~INR 3k/unit QoQ. EBITDA came in at ~INR 30bn vs consensus estimate at INR 32.5bn. MSIL is planning to acquire SMG, with valuation being equal to the net residual book value. Gross block of MSIL would get enhanced by ~INR 130bn as against the enhanc...
Add Maruti Suzuki Ltd For Target Rs.10,923 - ICICI Securities Ltd
Add Maruti Suzuki Ltd For Target Rs.10,923 - ICICI Securities Ltd
Source: ICICI Securities Ltd
4/08/2023 1:53:26 PM
Buy Maruti Suzuki India Ltd For Target Rs.11,501- Religare Broking   Strong topline growth: MSIL posted strong revenue growth of 22% YoY while it remained flat sequentially to Rs 32,327 Cr. The healthy performance in the topline was led by 6.4% YoY growth in volumes and superior mix of products in the portfolio. While the volumes were up as compared to last year it declined by 3.3% sequentially due to seasonality factor however, the decline in volumes was offset by higher participation of UV (Utility Vehicle) portfolio while price hike across port...
Buy Maruti Suzuki India Ltd For Target Rs.11,501- Religare Broking
Buy Maruti Suzuki India Ltd For Target Rs.11,501- Religare Broking
Source: Religare Broking Ltd
2/08/2023 1:28:26 PM
Stock of the day : Buy Maruti Suzuki Ltd For Target Rs.9180 - Religare Broking Maruti Suzuki Ltd * Auto sector has been a consistent contributor in the recent recovery and inching closer to its record high. * Maruti has formed a strong base around 8200 and seeing gradual up move in last one and a half months. * The chart pattern indicates possibility of fresh momentum near future. * We thus suggest creating fresh longs in the mentioned range. Buy Maruti Suzuki Ltd CMP 8800.60; Range8800-8820; SL8600; Target 9180   To Read Complete Repo...
Stock of the day : Buy Maruti Suzuki Ltd For Target Rs.9180 - Religare Broking
Stock of the day : Buy Maruti Suzuki Ltd For Target Rs.9180 - Religare Broking
Source: Religare Broking Ltd
5/05/2023 11:06:19 AM
Indian automakers post lacklustre April commercial vehicles sales growth India's wholesale commercial and passenger vehicle sales growth moderated in April, following a boost from the festive season and pre-buying last month ahead of the implementation of tighter fuel emission norms. The norms, implemented on April 1, require automakers to fit vehicles with a device to check emissions, leading to extra costs. Maruti Suzuki India Ltd, Hero MotoCorp Ltd and Tata Motors Ltd have hiked prices to cushion the impact of the additional expenses. Analysts said...
Indian automakers post lacklustre April commercial vehicles sales growth
Indian automakers post lacklustre April commercial vehicles sales growth
Source: Reuters
2/05/2023 3:38:13 PM
Buy Maruti Suzuki Ltd For Target Rs.1,500 - JM Financial Institutional Securities In 4QFY23, MSIL’s EBITDA margin came in at 10.5% (+140bps YoY, +70bps QoQ), c.20bps above JMFe. Sequential improvement in margin was led by higher operating leverage and lower discounts partially offset by unfavourable currency movement. MSIL lost c.38k units due to chip shortage during 4QFY23. Management highlighted that the situation on chip supply remains volatile. Order inflow continues to remain healthy with over c.412k units of pending bookings led by recent launches/CNG variants....
Buy Maruti Suzuki Ltd For Target Rs.1,500 - JM Financial Institutional Securities
Buy Maruti Suzuki Ltd For Target Rs.1,500 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities
27/04/2023 2:37:13 PM
Buy Maruti Suzuki Ltd For Target Rs.10,400 - Motilal Oswal Financial Services Product launches to drive volume outperformance Mix and operating leverage to drive margin recovery Maruti Suzuki (MSIL)’s is expected to outperform in a moderating growth environment in FY24E, driven by its promising product pipeline. Although market share recovery has not happened despite the success of Grand Vitara, we estimate MSIL’s market share to recover to ~44.4% by FY25E with the launch of three more new products in the next six to nine months. This recovery in mark...
Buy Maruti Suzuki Ltd For Target Rs.10,400 - Motilal Oswal Financial Services
Buy Maruti Suzuki Ltd For Target Rs.10,400 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
11/04/2023 11:08:05 AM
Buy Maruti Suzuki Ltd For Target Rs.250 - Religare Broking   Maruti Suzuki Ltd * The auto index is seeing a rebound after retesting the support zone of long term moving average and MARUTI is trading in sync with the trend. * It has recently tested 200 EMA and seeing a rebound now. Formed a strong bullish candle. * Set a breakout from a flag pattern now. Surpassed the hurdle of short-term moving averages. * We thus suggest initiating fresh longs through the Call option.   Buy Maruti Suzuki Ltd @ BUY 8800CE CMP 180; ...
Buy Maruti Suzuki Ltd For Target Rs.250 - Religare Broking
Buy Maruti Suzuki Ltd For Target Rs.250 - Religare Broking
Source: Religare Broking Ltd
2/03/2023 11:21:38 AM
Stock Picks : Maruti Suzuki Ltd And Bank of Baroda Ltd By ICICI Direct Maruti Suzuki Ltd Buy Maruti Suzuki Ltd @ 8578-8586 CMP 8632.20 Stop Loss 8533.70 Target 8648.00   Bank of Baroda Ltd Buy Indian Bank of Baroda Ltd @ 158-159 CMP 159.00 Stop Loss 157.00 Target 160.40     To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   ...
Stock Picks : Maruti Suzuki Ltd And Bank of Baroda Ltd By ICICI Direct
Stock Picks : Maruti Suzuki Ltd And Bank of Baroda Ltd By ICICI Direct
Source: ICICI Direct Ltd
28/02/2023 12:23:00 PM
`Electric Vehicle`s will become mainstream in India`says Shashank Srivastava Senior Executive Officer (Marketing & Sales), Maruti Suzuki India Limited Mumbai : “EVs will become mainstream but when they will become that is unpredictable. Cost of the acquisition is one of the important factors impeding EV adoption in India, Maruti Suzuki India Limited Senior Executive Officer (Marketing & Sales), Shashank Srivastava said here today. Speaking at the second edition of ABP’s Ideas of India Summit, he said, “If a normal car is 100 then EV is 160 due to the high cost of batteries. Maruti Suzuki is trying to bring...
`Electric Vehicle`s will become mainstream in India`says Shashank Srivastava Senior Executive Officer (Marketing & Sales), Maruti Suzuki India Limited
`Electric Vehicle`s will become mainstream in India`says Shashank Srivastava Senior Executive Officer (Marketing & Sales), Maruti Suzuki India Limited
Source: PR Agency
24/02/2023 2:52:02 PM
Stock Picks : Maruti Suzuki Ltd And Indian Hotels Company Ltd By ICICI Direct Maruti Suzuki Ltd Buy Maruti Suzuki Ltd @ 8914-8922 CMP 8942.30 Stop Loss 8872.00 Target 8989.00   Indian Hotels Company Ltd Buy Indian Hotels Company Ltd @ 316-317 CMP 318.25 Stop Loss 313.40 Target 321.40   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   Above views ...
Stock Picks : Maruti Suzuki Ltd And Indian Hotels Company Ltd By ICICI Direct
Stock Picks : Maruti Suzuki Ltd And Indian Hotels Company Ltd By ICICI Direct
Source: ICICI Direct Ltd
6/02/2023 11:56:09 AM
Stock Picks : IndusInd Bank Ltd And Maruti Suzuki Ltd By ICICI Direct IndusInd Bank Ltd Buy IndusInd Bank Ltd @ 1230-1232 CMP 1234.40 Stop Loss 1220.30 Target 1248.00   Maruti Suzuki Ltd Buy Maruti Suzuki Ltd @ 8438-8442 CMP 8453.40 Stop Loss 8512.00 Target 8398.00   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631 ...
Stock Picks : IndusInd Bank Ltd And Maruti Suzuki Ltd By ICICI Direct
Stock Picks : IndusInd Bank Ltd And Maruti Suzuki Ltd By ICICI Direct
Source: ICICI Direct
16/01/2023 11:12:41 AM
Stock Picks :Maruti Suzuki Ltd And Hindalco Industries Ltd By ICICI Direct Maruti Suzuki Ltd Buy Maruti Suzuki Ltd @ 8354-8362 CMP 8369.20 Stop Loss 8304.00 Target 8438.00   Hindalco Industries Ltd Buy Hindalco Industries Ltd @ 483-485 CMP 485.65 Stop Loss 479.90 Target 490.70   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ0001...
Stock Picks :Maruti Suzuki Ltd And Hindalco Industries Ltd By ICICI Direct
Stock Picks :Maruti Suzuki Ltd And Hindalco Industries Ltd By ICICI Direct
Source: ICICI Direct
13/01/2023 11:27:31 AM
Buy Maruti Suzuki Ltd For Target Rs.11,501 - Religare Broking Betting on UV segment to recoup its lost market share Robust revenue growth: MSIL reported its Q2 revenue at Rs 29,931 Cr registering a growth of 45.7% YoY, due to exceptional demand scenario during the festive season, better capacity utilization and premium priced product mix. The company’s sales volume inched up by 36.3% YoY to 517,395 units wherein domestic sales (which account for 88%) reported a growth of 41.9% whereas exports saw a steady growth of 6.4% YoY. Amongst segments in...
Buy Maruti Suzuki Ltd For Target Rs.11,501 - Religare Broking
Buy Maruti Suzuki Ltd For Target Rs.11,501 - Religare Broking
Source: Religare Broking Ltd
7/12/2022 3:11:40 PM
India`s Maruti says chip shortage to cause bigger hit to December production    Maruti Suzuki India Ltd, the country's top carmaker, said on Friday it expected a shortage of electronic components to impact its production in December more than in recent months. The company's production in November, which also saw a "minor impact" due to the shortage, rose 5% year-on-year to 152,786 units, but was at the lowest level since June.
India`s Maruti says chip shortage to cause bigger hit to December production
India`s Maruti says chip shortage to cause bigger hit to December production
Source: Reuters
2/12/2022 3:06:20 PM
Q2 roundup: Indian companies get festive boost; almost 62% post profit rise Almost two-thirds of the near 200 Indian companies with market capitalization of $100 million and more have reported a rise in profit for the September quarter, data tracked by Reuters showed Of the 191 companies tracked, 118 reported a rise in profit, Refinitiv data showed, with almost 90% of those logging in a rise in quarterly revenue. Apparel retailers, restaurants, banks, construction companies all saw a rise in sales and orders, as the country geared up for the first pandemic-free...
Q2 roundup: Indian companies get festive boost; almost 62% post profit rise
Q2 roundup: Indian companies get festive boost; almost 62% post profit rise
Source: Reuters
10/11/2022 2:18:27 PM
Buy Maruti Suzuki Ltd For Target Rs.10,788 - Yes Securities Margins expansion levers shaping up well     Valuation and View   MSIL’s 2QFY23 operating results were healthy as EBITDA came in higher by ~11% to our estimates at Rs27.7b (est Rs24.9b) with ~200bp QoQ expansion in margins at 9.3% (est 8.4%). This was led by 1) RM inflation cooling off, 2) positive operating leverage, 3) favorable product mix (as proportion of higher priced variants were higher) and 4) + fx (Rs1.58b positive impact on P&L). Howev...
Buy Maruti Suzuki Ltd For Target Rs.10,788 - Yes Securities
Buy Maruti Suzuki Ltd For Target Rs.10,788 - Yes Securities
Source: Yes Securities Ltd
31/10/2022 11:43:49 AM
Maruti Suzuki Q2 net at Rs 2,061 crore Maruti Suzuki India Ltd, the country largest car maker, closed the second quarter of FY23 with a higher net profit of Rs 2,061.5 crore. In a regulatory filing on Friday, the company said it earned total operational revenue of Rs 29,930.8 crore and a net profit of Rs 2,061.5 crore for the quarter ended on September 30. For the previous year's corresponding period, Maruti Suzuki's total operational revenue stood at Rs 20,538.9 crore and a net profit of Rs 475.3 crore. During th...
Maruti Suzuki Q2 net at Rs 2,061 crore
Maruti Suzuki Q2 net at Rs 2,061 crore
Source: Reuters
28/10/2022 3:36:27 PM
Diwali Funadamental Muhurat Picks 2022 By Religare Broking Asian Paints Ltd: CMP 3,198, Target 3,952, Upside 23.6% Poised for colourful future Asian Paints is the market leader in India and 9th largest paint company globally. It has a strong hold over the decorative segment with a market share of 55%. It manufactures a wide range of coatings for decorative and industrial use and offer wall coverings, adhesives and services under their portfolio. Over the last few years, the company has forayed into the Home Décor segment including k...
Diwali Funadamental Muhurat Picks 2022 By Religare Broking
Diwali Funadamental Muhurat Picks 2022 By Religare Broking
Source: Religare Broking Ltd
18/10/2022 11:46:10 AM
Add Maruti Suzuki India Ltd For Target Rs.9,785 - Yes Securities Margin headwinds receding…    Valuation and View MSIL’s 1QFY23 operating results were weak with ~19% miss on EBITDA at Rs19.1b (est Rs23.6b,  21% QoQ),resulting in ~190bp decline in EBITDA margins at 7.2% (est 9%). This was led by confluence of factors such as 1) RM inflation impact of less than 2% (partially negated by price hikes), 2) higher sales promotion expense QoQ, 3) ~60bp wage revision impact on staff cost and higher average discount/unit at Rs1...
Add Maruti Suzuki India Ltd For Target Rs.9,785 - Yes Securities
Add Maruti Suzuki India Ltd For Target Rs.9,785 - Yes Securities
Source: Yes Securities Ltd
5/09/2022 12:15:18 PM
Buy Maruti Suzuki India Ltd For Target Rs.9,160- Sushil Finance 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.   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at http...
Buy Maruti Suzuki India Ltd For Target Rs.9,160- Sushil Finance
Buy Maruti Suzuki India Ltd For Target Rs.9,160- Sushil Finance
Source: Sushil Finance Ltd
31/08/2022 11:56:28 AM
Buy Maruti Suzuki Ltd For Target Rs.10,300 - JM Financial Institutional Securities Upping the ante with the Grand Vitara: 3 SUVs to follow The outgoing Brezza outsold competition with a single engine option (1.5L petrol). Similarly, Baleno has outsold like-to-like competition models with 1.2L petrol engine. Basis our channel check, customer response to both these fully-updated models is quite strong. Introduction of new features and safety equipment is being received well by the customers as new booking inflow remains robust. Basis media articles, Brezza may soon be intr...
Buy Maruti Suzuki Ltd For Target Rs.10,300 - JM Financial Institutional Securities
Buy Maruti Suzuki Ltd For Target Rs.10,300 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
26/08/2022 2:48:19 PM
Buy Maruti Suzuki India Ltd For Target Rs.10,000- Emkay Global Financial Services Ltd EBITDA below estimates; demand outlook remains intact * Q1 revenue declined by 1% (3-yr CAGR of 10%) to Rs265bn, in line with estimates. EBITDA fell by 21% qoq (3-yr CAGR of -2%) to Rs19.1bn, 16% below estimates, mainly due to the higher-than-expected impact of commodity inflation. Management expects benefits of lower commodity prices and JPY depreciation to start reflecting in Q2. * The pending order book is large at ~350,000 units, which includes ~70,000 units for Brezza and ~20,000 u...
Buy Maruti Suzuki India Ltd For Target Rs.10,000- Emkay Global Financial Services Ltd
Buy Maruti Suzuki India Ltd For Target Rs.10,000- Emkay Global Financial Services Ltd
Source: Emkay Global Financial Services Ltd
22/08/2022 11:44:05 AM
Buy Maruti Suzuki Ltd For Target Rs.11,300 -Motilal Oswal Financial Services Ltd Aims to plug gaps in its portfolio and technologies Targets 2m volumes in FY23 and regaining 50% market share MSIL’s FY22 Annual Report highlighted: a) its focus on SUVs by launching several products, b) its export focus, c) kick-start of electrification through strong Hybrids in FY23 and BEV in FY25, and d) leveraging multiple means to meet its end objective of reducing CO2 emissions. The management is targeting volumes of 2m units in FY23 and is confident of regaining its 50% ma...
Buy Maruti Suzuki Ltd For Target Rs.11,300 -Motilal Oswal Financial Services Ltd
Buy Maruti Suzuki Ltd For Target Rs.11,300 -Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
17/08/2022 9:21:20 AM
Indian auto industry accelerating, shows robust July numbers The Indian automobile industry has posted robust growth last month with passenger/commercial vehicles and two-wheelers logging growth while the tractor segment lagged behind. Passenger car majors clocked total sales of over 3.43 lakh last month as compared to July last year. The commercial vehicle's sector maintained robust growth momentum, driven by strong demand in both passenger and cargo segments, said Emkay Global Financial Services. Similarly, the passenger and two-wheelers...
Indian auto industry accelerating, shows robust July numbers
Indian auto industry accelerating, shows robust July numbers
Source: IANS
2/08/2022 4:22:54 PM
Key Stock News - Maruti Suzuki, Vedanta, L&T Realty, SBI, Jindal Stainless, Porsche India - ARETE Securities Key News Maruti Suzuki launches new S-Presso with starting price at Rs 4.25 lakh The country's largest carmaker Maruti Suzuki India on Monday said it has launched new version of its entry level hatchback S-Presso priced between Rs 4.25 lakh and Rs 5.99 lakh (ex-showroom price). The manual variants of the model are priced between Rs 4.25 lakh and Rs 5.49 lakh while the trims with Automatic Gear Shift (AGS) are tagged at Rs 5.65 lakh and Rs 5.99 lakh.   Vedanta keen to coll...
Key Stock News - Maruti Suzuki, Vedanta, L&T Realty, SBI, Jindal Stainless, Porsche India - ARETE Securities
Key Stock News - Maruti Suzuki, Vedanta, L&T Realty, SBI, Jindal Stainless, Porsche India - ARETE Securities
Source: ARETE Securities Ltd
19/07/2022 9:25:59 AM
Stock Picks - Maruti Suzuki Ltd and NTPC Ltd By ICICI Direct Maruti Suzuki Ltd Buy Maruti Suzuki Ltd @ 8448.00-8454.00 CMP 8475.95 Stop Loss 8391.30 Target 8507.00/8563.00   NTPC Ltd Buy NTPC Ltd @  142.00-143.0 CMP 143.70 Stop Loss 140.90 Target 144.00/145.50   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registrati...
Stock Picks - Maruti Suzuki Ltd and NTPC Ltd By ICICI Direct
Stock Picks - Maruti Suzuki Ltd and NTPC Ltd By ICICI Direct
Source: ICICI Direct
11/07/2022 10:39:03 AM
Stock Picks - Maruti Suzuki Ltd and Ultratech Cements​​​​​​​ Ltd By ICICI Direct Maruti Suzuki Buy Maruti Suzuki Ltd @ 7920.00-7926.00 CMP 7965.95 Stop Loss 7867.70 Target 7973.00/8023.00   Ultratech Cements Buy Ultratech Cements Ltd @ 5985.00-5990.00 CMP 5994.10 Stop Loss 6029.30 Target 5951.00/5917.00   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Above ...
Stock Picks - Maruti Suzuki Ltd and Ultratech Cements​​​​​​​ Ltd By ICICI Direct
Stock Picks - Maruti Suzuki Ltd and Ultratech Cements​​​​​​​ Ltd By ICICI Direct
Source: ICICI Direct
2/06/2022 10:12:18 AM
Key News - Tata Sons, Dr Reddy's Labs, APM Terminals Pipavav, Maruti Suzuki India, MakeMyTrip , Waaree, By ARETE Securities Key News Ratan Tata, Tata Sons welcome SC dismissal of review petition by SP Group Veteran industrialist Ratan Tata and Tata Sons on Thursday welcomed the Supreme Court's dismissal of a plea of the Shapoorji Pallonji (SP) group seeking a review of the verdict that upheld the Tata group's removal of Cyrus Mistry as Chairman of Tata Sons. Reacting to the development, in a statement Tata, who is the Chairman Emeritus said, "We would like to express our grateful appreciation o...
Key News - Tata Sons, Dr Reddy's Labs, APM Terminals Pipavav, Maruti Suzuki India, MakeMyTrip , Waaree, By ARETE Securities
Key News - Tata Sons, Dr Reddy's Labs, APM Terminals Pipavav, Maruti Suzuki India, MakeMyTrip , Waaree, By ARETE Securities
Source: ARETE Securities Ltd
20/05/2022 9:23:08 AM
Four decades of bond, Haryana gets third Maruti's facility of Rs 18,000 crore After making its maiden foray in Gurugram in 1983, country's largest car maker Maruti Suzuki India Ltd is going to set up its third facility with an outlay of Rs 18,000 crore in Haryana that will give boost to the auto industry. The automaker already has two manufacturing facilities in Haryana. The upcoming facility will have a production capacity of 250,000 vehicles per annum and is expected to be commissioned by 2025. In the past few years, Haryana has made rapid strides on severa...
Four decades of bond, Haryana gets third Maruti's facility of Rs 18,000 crore
Four decades of bond, Haryana gets third Maruti's facility of Rs 18,000 crore
Source: IANS
17/05/2022 1:46:11 PM
Maruti, Hyundai led domestic, export sales in April Car makers Maruti Suzuki India Ltd and Hyundai Motor India Ltd led the industry in terms of passenger vehicle exports last month, Society of Indian Automobile Manufacturers Association (SIAM) said on Wednesday. As per the export data released by SIAM, Maruti Suzuki had shipped out 18,216 units (17,131 units in April 2021) while Hyundai Motors exported 12,200 units last month (10,201 units). The other passenger vehicle exporters last month were: Honda Cars India Ltd 2,034 units, FCA Indi...
Maruti, Hyundai led domestic, export sales in April
Maruti, Hyundai led domestic, export sales in April
Source: IANS
11/05/2022 4:34:55 PM
Technical Stock Idea - Buy Maruti Suzuki India Ltd For Target Rs.10500- Monarch Networth Capital Maruti Suzuki Stock was in up-trend from March 2020 till Jan 2021 and since then went into broader time and price wise consolidation. Recently stock managed to take support at the lower level of rising formation andsince then prices have shown positive development in last couple of weeks. Momentum oscillator Relative strength index (RSI) is trading above 50 level which is showing early sign of momentum build-up. Recommendation is to buy at current market price or on dip near 7600 &nd...
Technical Stock Idea - Buy Maruti Suzuki India Ltd For Target Rs.10500- Monarch Networth Capital
Technical Stock Idea - Buy Maruti Suzuki India Ltd For Target Rs.10500- Monarch Networth Capital
Source: Monarch Networth Capital Ltd
25/04/2022 2:42:20 PM
Green Wave: Maruti to fulfil CNG demand now, EVs in 2025 Automaker Maruti Suzuki is currently focused on the CNG segment to fulfil the demand triggered by rising petrol prices as well as heightened concerns over environmental protection. The automobile major also plans to foray into the EV segment by 2025. In a conversation with IANS, Maruti Suzuki India's Senior Executive Director, Sales and Marketing, Shashank Srivastava, said that demand for CNG cars has gone up dramatically due to the favourable cost of running such vehicles. "...
Green Wave: Maruti to fulfil CNG demand now, EVs in 2025
Green Wave: Maruti to fulfil CNG demand now, EVs in 2025
Source: IANS
11/04/2022 8:44:30 PM
Reduce Maruti Suzuki India Ltd For Target Rs. 7,187 - Centrum Broking Big bang EV entry announced Suzuki Motor Corporation has signed a MoU with Gujarat government to invest Rs104.4 bn towards EVs. Rs31bn will be invested towards expanding the capacity at SMG Gujarat plant for EVs and Rs73 bn towards battery manufacturing. This is the first big announcement towards EV from Suzuki in India and it will benefit Maruti Suzuki. The planned year for the investment is 2025 for capacity addition and 2026 for battery manufacturing. This will aide MSIL’s plan to...
Reduce Maruti Suzuki India Ltd For Target Rs. 7,187 - Centrum Broking
Reduce Maruti Suzuki India Ltd For Target Rs. 7,187 - Centrum Broking
Source: Centrum Broking Ltd
25/03/2022 2:36:42 PM
Buy Maruti Suzuki Ltd For Target Rs.8,745 - ICICI Securities Steep TCO inflation to impact near-term outlook At a time when Maruti Suzuki’s (MSIL) gross margin (GM) was rising sequentially along with improving monthly production outlook, global geopolitical turbulence in past fortnight has hit the company hard once again. We believe, the surge in input commodity costs (aluminum, palladium, plastics, etc.) with ~30% increase in Brent crude oil price, if sustained till H1FY23E, would inflate FY23E TCO by ~20% YoY, post similar increase in FY22. ...
Buy Maruti Suzuki Ltd For Target Rs.8,745 - ICICI Securities
Buy Maruti Suzuki Ltd For Target Rs.8,745 - ICICI Securities
Source: ICICI Securities Ltd
21/03/2022 1:06:44 PM
Buy Maruti Suzuki Ltd For Target Rs.9,500 - JM Financial Services Tank-Up; UV segment set for a makeover Lack of contemporary features, limited UV portfolio and absence of diesel variants have been the key voids in case of MSIL. Whether hybrid technology introduction will address the diesel conundrum or not will be seen over time However, if one looks closely at Baleno 2022, it does gives a glimpse of what to expect from the new MSIL product cycle. In this report, we have outlined the number of UV launches (basis the available information) and studied Ba...
Buy Maruti Suzuki Ltd For Target Rs.9,500 - JM Financial Services
Buy Maruti Suzuki Ltd For Target Rs.9,500 - JM Financial Services
Source: JM Financial Services Ltd
18/03/2022 9:20:18 AM
Reduce Maruti Suzuki Ltd For Target Rs.7,782 - Yes Securities Near term outlook positive; structurally weak Valuation and View MSIL’s 3QFY22 result was operationally better as margins expanded ~250bp QoQ at 6.7% (v/s est of 5.3%) led by operating leverage and better cost control. As chip shortage challenges continue to ease out QoQ, better utilization to aid further margins expansion in 4QFY22 as well. This coupled with strong order backlog at ~264k units, lower discounts and price hike (~2% in Jan) to help healthy profitability in short to ...
Reduce Maruti Suzuki Ltd For Target Rs.7,782 - Yes Securities
Reduce Maruti Suzuki Ltd For Target Rs.7,782 - Yes Securities
Source: Yes Securities Ltd
8/02/2022 9:42:42 AM
Buy Maruti Suzuki Ltd For Target Rs.10,300 - Motilal Oswal Above our estimate; strong recovery in market share and margin Easing semiconductor supplies, stable RM, and new launches to drive a recovery * MSIL reported a strong recovery in 3QFY22, despite losing 90k units due to the semiconductor shortage. With an improvement in supplies, stability in RM cost, and launch of new products, MSIL is expected to recover both market share and margin. * We raise our FY22E/FY23E EPS by 21%/6%, factoring in higher realizations and lower depreciation. W...
Buy Maruti Suzuki Ltd For Target Rs.10,300 - Motilal Oswal
Buy Maruti Suzuki Ltd For Target Rs.10,300 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
27/01/2022 9:17:41 AM
Maruti Suzuki's Q3FY22 net profit down 47.90% Automobile major Maruti Suzuki India's Q3FY22 net profit declined by over 47 per cent on a year-on-year basis, falling to Rs 1,011.3 crore from Rs 1,941.4 crore in Q3FY21. The automobile major cited lower sales volume along with high commodity prices and lower non-operating income on account of mark-to-market impact as factors behind the net profit decline. Net sales for the quarter under review fell to Rs 22,187.6 crore from Rs 22,236.7 crore earned in Q3FY21. "The company ...
Maruti Suzuki's Q3FY22 net profit down 47.90%
Maruti Suzuki's Q3FY22 net profit down 47.90%
Source: IANS
26/01/2022 10:01:11 AM
Maruti Suzuki India net profit falls 48% in third quarter BENGALURU - India's top car maker Maruti Suzuki India Ltd posted a 48% fall in third-quarter net profit on Tuesday, as a global chip shortage slowed production and high material costs squeezed margins. The company reported a profit of 10.11 billion rupees ($135.43 million) for the three months ended Dec. 31, compared with 19.41 billion rupees a year earlier.
Maruti Suzuki India net profit falls 48% in third quarter
Maruti Suzuki India net profit falls 48% in third quarter
Source: Reuters
25/01/2022 2:10:33 PM
Key News - Paytm, IHH Healthcare, Maruti Suzuki Ltd, Foxconn India, The National Company Law Appellate Tribunal By ARETE Securities Key News Paytm records over four-fold jump in loan disbursals in Oct-Dec 2021 Digital payments firm Paytm on Monday posted over four-fold jump in loan disbursals from its platform both in terms of numbers and value in the quarter ended December 31, 2021. Paytm disbursed 44 lakh loans worth Rs 2,180 crore during the quarter as compared to 8.81 lakh loans worth Rs 470 crore disbursed from its platform in the year-ago period.   Five Star Business Finance, Waaree Energies get Seb...
Key News - Paytm, IHH Healthcare, Maruti Suzuki Ltd, Foxconn India, The National Company Law Appellate Tribunal By ARETE Securities
Key News - Paytm, IHH Healthcare, Maruti Suzuki Ltd, Foxconn India, The National Company Law Appellate Tribunal By ARETE Securities
Source: ARETE Securities Ltd
11/01/2022 8:48:30 AM
Maruti Suzuki's Nov sales fall to 139,184 units Semiconductor shortages subdued automaker Maruti Suzuki's production and sales in November. Total sales last month fell on a year-on-year basis to 139,184 units from 153,223 units during the same period of the corresponding year. Besides, domestic sales were 113,017 units, and sales to other original equipment manufacturers stood at 4,774 units. The automaker exported 21,393 units in November, which is its highest ever in a month, it said. "The shortage of electronic comp...
Maruti Suzuki's Nov sales fall to 139,184 units
Maruti Suzuki's Nov sales fall to 139,184 units
Source: IANS
1/12/2021 7:51:54 PM
Sell Maruti Suzuki Ltd For Target Rs. 6,000 - ICICI Direct Margin pressure continues, expensive valuations… About the stock: Maruti Suzuki (MSIL) is the market leader in the domestic passenger vehicle (PV) space with market share pegged at ~48% and popular models being Alto, WagonR, Swift, Brezza, Baleno, Ertiga, etc, among others. * Market leader in each sub-segment - cars (62.2%), UV (21.6%), vans (96.6%) * Strong b/s; ~| 44,000 crore cash and investment on books as of FY21   Q2FY22 Results: The company posted a muted per...
Sell Maruti Suzuki Ltd For Target Rs. 6,000 - ICICI Direct
Sell Maruti Suzuki Ltd For Target Rs. 6,000 - ICICI Direct
Source: ICICI Direct
30/11/2021 9:53:18 AM
Buy Maruti Suzuki Ltd For Target Rs.8,750 - Emkay Global Subdued quarter; demand outlook remains intact * Q2FY22 EBITDA declined by 56% yoy to Rs8.5bn (est.: Rs11.4bn), 25% below estimates due to a lag in the pass-through of commodity inflation and higher marketing spends. Revenue grew by 10% yoy to Rs205bn, above our estimate of Rs192bn, due to the increased share of spare-part revenues. * The order book is strong at over 200,000 units. Led by a sales upcycle and new products, we expect a 19% CAGR in volumes over FY22-24E. In the next 2-3 ye...
Buy Maruti Suzuki Ltd For Target Rs.8,750 - Emkay Global
Buy Maruti Suzuki Ltd For Target Rs.8,750 - Emkay Global
Source: Emkay Global Financial Services Ltd
20/11/2021 10:15:46 AM
Key News - Nykaa, Maruti Suzuki Ltd, Oil and Natural Gas Corporation Ltd, Fino Payments Bank, Manappuram Finance Ltd By ARETE Securities Key News After bumper listing, Nykaa reports 96% decline in Q2 net profit Fashion and cosmetics online retailer Nykaa’s net profit fell 96 per cent to Rs 1.1 crore in the September quarter (second quarter, or Q2) on a year-onyear (YoY) basis and 69 per cent, compared with the June quarter. The company, which hit Rs 1 trillion in market capitalisation after listing on the bourses last week, saw its revenue from operations increase 47 per cent to Rs 885 crore on a YoY basis. Nykaa&...
Key News - Nykaa, Maruti Suzuki Ltd, Oil and Natural Gas Corporation Ltd, Fino Payments Bank, Manappuram Finance Ltd By ARETE Securities
Key News - Nykaa, Maruti Suzuki Ltd, Oil and Natural Gas Corporation Ltd, Fino Payments Bank, Manappuram Finance Ltd By ARETE Securities
Source: ARETE Securities Ltd
15/11/2021 9:29:42 AM
Maruti Suzuki to operationalise 3rd plant in Haryana in 3 years' time Country's largest car maker Maruti Suzuki has got the nod to set up its third plant at Sonepat in Haryana. Maruti Suzuki already has two manufacturing facilities in Haryana. The Gurgaon manufacturing facility has three fully integrated manufacturing plants and is spread over 300 acres. It manufactures the Alto 800, WagonR, Ertiga, XL6, S-Cross, Vitara Brezza, Ignis and Eeco. The new facility further augments manufacturing of the auto major and helps it maintain its market share in t...
Maruti Suzuki to operationalise 3rd plant in Haryana in 3 years' time
Maruti Suzuki to operationalise 3rd plant in Haryana in 3 years' time
Source: IANS
14/11/2021 4:49:36 PM