15864.0000 47.00 (0.30%)
NSE Sep 19, 2025 15:31 PM
Volume: 652.4K
 

15864.00
0.30%
HDFC Securities
Maintain BUY with TP Rs 8252(22x core EPS+~Rs 1255 cash/share). Expect EPS growth of 15% over FY18-21E (assuming 9% volume CAGR over FY18-21E). Maruti Suzuki (MSIL) delivered slightly better than expected performance in 2Q, EBITDA margin adjusted for one-off (Rs 2bn as engineering service fee received from Suzuki) was 14.5%, (vs est. of 14.2%). Revenue stood at Rs 224.3bn (+3% YoY, adjusted +1.9%). APAT at Rs 21bn vs est Rs 20bn. Challenges like rising fuel prices, flood impact in several states, higher interest rates and insurance cost affected the PV demand in 2Q.
Maruti Suzuki India Ltd. has gained 24.02% in the last 3 Months
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