Moneycontrol News
11:29 am Maruti Suzuki at record high: Maruti Suzuki India which reported its results for the quarter ended March last month has been on an uptrend since them. The stock has rallied over 30 percent so far in the year 2017, but the rally is not over yet.
In an interview with CNBC-TV18, the management Maruti Suzuki expects a strong double digit volumes growth. It is possible for the company to sustain 15 percent annual growth in FY18”, says Kenichi Ayukawa, MD& CEO at Maruti Suzuki India Ltd
Global investment bank, CLSA in a report earlier this week raised 12-month target price to Rs8,100 on expectations of higher demand environment, and volume growth. It raised its 12-month target price to Rs8100 from Rs7600 earlier.
“Our channel checks and discussions with OEMs suggest that PV retail demand has improved sharply in the past two months. If this sustains, then FY18 will be the first double-digit growth year for Indian PV industry since FY11,” said the report.