Maruti Suzuki Q4 PAT seen up 51.4% YoY to Rs 3,973.4 cr: Motilal OswalMoneycontrol • 14 days ago
Net Sales are expected to increase by 21.5 percent Y-o-Y (up 16.9 percent Q-o-Q) to Rs 38,947.9 crore, according to Motilal Oswal.
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This comes after the leading automaker announced a price hike across models to the tune of 0.45 percent in January citing increased cost pressure
Last year, Tata Motors' SUVs Safari and Harrier became the first recipients of the safety rating for adult and child occupant protection as per Bharat-NCAP. The SUVs were given 5-star rating.
The auto major has added a vehicle assembly line to the existing Plant-A of the three manufacturing plants functioning at Manesar, in Haryana.
KR Choksey is bullish on Maruti Suzuki India has recommended buy rating on the stock with a target price of Rs 14,975 in its research report dated April 08, 2024.
The car company has ambitious plans to double its total capacity by 2030, including an ambitious export target.
Morgan Stanley maintained an 'overweight' call and increased the target price to Rs 14,322 from Rs 11,228.
Most OEMs are expected to report a sequential EBITDA margin expansion led by improving product mix and operating leverage
In a conversation with CNBC-TV18, Shashank Srivastava, Senior Executive Officer, Marketing and Sales at Maruti Suzuki shared the emerging sales trends, and outlook for the company and the industry.
Maruti Suzuki India ended at new closing high and formed bullish candlestick pattern on the daily timeframe with above average volumes. The stock remained above all key moving averages since last week.