Synopsis
Contents
Maruti Suzuki India, incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 281588.46 Crore) operating in Auto sector.
ETMarkets.comICICI Direct has sell call on Maruti Suzuki India with a target price of Rs 9252. The current market price of Maruti Suzuki India is Rs 9313.45. Time period given by analyst is Intra Day when Maruti Suzuki India price can reach defined target. ICICI Direct recommended to keep stop loss at Rs 9366.4.
Maruti Suzuki India, incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 281588.46 Crore) operating in Auto sector.
Maruti Suzuki India key Products/Revenue Segments include Passenger Cars & Light Duty Utility Vehicles, Spare Parts & Components, Other Operating Revenue, Service Income, Scrap, Mould & Dies and Rental Income for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2023, the company has reported a Consolidated Total Income of Rs 33316.90 Crore, up 1.57 % from last quarter Total Income of Rs 32802.50 Crore and up 25.29 % from last year same quarter Total Income of Rs 26592.70 Crore. Company has reported net profit after tax of Rs 2463.00 Crore in latest quarter.
Investment Rationale
Price remains in downtrend and forming lower low and price sustaining below 13 days EMA indicating further downward momentum.
Promoter/FII Holdings
Promoters held 56.48 per cent stake in the company as of 30-Jun-2023, while FIIs owned 21.87 per cent, DIIs 18.05 per cent.
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