Top Stocks Today : IIFL Securities has Buy call on Maruti Suzuki India

IIFL Securities has recommended a buy call on Maruti Suzuki India on May 23, with a target price of Rs 13,200. The current market price for Maruti Suzuki India is Rs 12,851.7. This recommendation is based on the company's strong fundamentals and growth potential. Maruti Suzuki India is the largest passenger car manufacturer in India, with a market share of over 50%. The company has a wide range of products, including hatchbacks, sedans, and SUVs. Maruti Suzuki India is also known for its strong brand value and customer loyalty.

About Maruti Suzuki India:

Maruti Suzuki India Limited, the country's largest car manufacturer, is a joint venture between Suzuki Motor Corporation, Japan (56.21%) and the Government of India (18.29%). Maruti Suzuki's production facilities are located at Gurgaon and Manesar in Haryana, and at Mehsana in Gujarat. The company offers a range of passenger vehicles, including hatchbacks, sedans, SUVs, and vans. Its popular models include the Swift, Baleno, WagonR, Alto, and Ertiga. Maruti Suzuki has a wide sales network of over 3,000 dealerships across India. The company also exports its vehicles to over 100 countries.

52 Week Price Trend:

Maruti Suzuki India (NSE: MARUTI) is currently trading at Rs 12851.7, representing a significant increase from its 52-week low of Rs 8127.05. However, it is still below its 52-week high of Rs 11720. This suggests that the stock has been experiencing a period of volatility. Investors should carefully consider the company's financial performance and market outlook before making any investment decisions.

Stratzy's MOST Analysis:

Maruti Suzuki has received an AAA rating from Stratzy's MOST framework, indicating that the company has low fundamental risks. This rating is based on an assessment of Maruti's management, outlook, safety, and trend. The company has strong management, a positive outlook for future growth, a solid financial position, and a track record of innovation and success. This rating suggests that Maruti is a low-risk investment for investors.

Company's Fundamentals:

Maruti Suzuki India Limited (NSE: MARUTI) is an Indian automobile manufacturer. The company's stock is currently trading at a price-to-earnings (PE) ratio of 29.58, indicating that investors are willing to pay 29.58 times the company's annual earnings to own its shares. The company's price-to-book (PB) ratio of 5.48 suggests that investors are willing to pay 5.48 times the company's book value to own its shares. Maruti Suzuki's dividend yield of 0.78% indicates that the company pays out 0.78% of its share price as dividends each year.

Fundamental and Technical information provided in this blog were last updated on 23 May, 2024

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