Looking at Maruti Suzuki India Ltd chart for 8-9 month time horizon we have found it bullish from lower level. Its taking strong support of 200 SMA & EMA. Buying can be initiate in the rang of 6700-6720
INVESTMENT RATIONALE: TECHNICAL ANALYSIS
1) RSI showing buying single 2) Trading above 200 SMA & EMA 3) Trading with good volume
FUNDAMENTAL ANALYSIS
1) Company has reduced debt 2) Company is virtually debt free. 3)Company has good consistent profit growth of 24.90% over 5 years 4)Company has been maintaining a healthy dividend payout of 27.27%
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