Buy Maruti Suzuki India, price target Rs 7550: Chandan Taparia

Chandan Taparia of Motilal Oswal Securities has a buy call on Maruti Suzuki India Ltd. with a target price of Rs 7550. The current price of Maruti Suzuki India Ltd. is Rs 7410. Chandan Taparia recommended to keep a stop loss at Rs 7250.

Maruti Suzuki India Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 219272.36 Crore) operating in Auto sector.

Maruti Suzuki India Ltd. key Products/Revenue Segments include Passenger Cars & Light Duty Utility Vehicles which contributed Rs 74771.50 Crore to Sales Value (86.92 % of Total Sales), Spare Parts & Components which contributed Rs 8229.50 Crore to Sales Value (9.56 % of Total Sales), Other Operating Revenue which contributed Rs 1356.40 Crore to Sales Value (1.57 % of Total Sales), Service Income which contributed Rs 1033.20 Crore to Sales Value (1.20 % of Total Sales), Scrap which contributed Rs 570.50 Crore to Sales Value (0.66 % of Total Sales), Rental Income which contributed Rs 33.70 Crore to Sales Value (0.03 % of Total Sales) and Mould & Dies which contributed Rs 25.50 Crore to Sales Value (0.02 % of Total Sales) for the year ending 31-Mar-2019.

For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 16123.20 Crore, down 13.96 % from last quarter sales of Rs 18738.80 Crore and down 25.20 % from last year same quarter sales of Rs 21553.70 Crore. Company has reported net profit after tax of Rs 1347.60 Crore in latest quarter.