Reduce Maruti Suzuki, target of Rs 635: Emkay
Emkay Global Financial Services has maintained its reduce rating on Maruti Suzuki India with a target price of Rs 635 in its April 02, 2009 research report. “What we liked is the fact that company has further expanded its reach in the semi urban and rural areas, where the competitive pressure is likely to be lower.
As a result we are upgrading our FY10 earnings estimates by 7% to Rs 59.4 per share to factor in lower pressure of offering discounts on around 35% to 40% of the product portfolio. Also, we have revised upwards our target valuation multiple by 10% to 5x EV/EBIDTA due to reduced uncertainty with respect to volumes and competitive intensity. We maintain our REDUCE rating on the stock with a target price of Rs 635,” says Emkay Global Financial Services’ report.
Tags: Emkay Global, maruti suzuki, reduce, sell rating
Similar Posts:
Latest Query
- by Sam
Market Stats
Search Our Archives
Research Desk
- Stocks Trading above their 50 day moving average - DMA In Stock Research
- Download free Ebooks based on Technical Analysis In Personal Training
- TOP 100 Stocks with the Highest P/E as on July 14th, 2013 In Stock Research
- TOP 100 Stocks with the Lowest P/E as on July 14th, 2013 In Stock Research
- Charting Pathsala - Your guide to Techincals In Technical Analysis
