Bulls taken Driving seat from Bears in Maruti Suzuki::Tgt 9800+

About Company:-

The Company was established in 1981. A joint venture agreement was signed between the Government of India and Suzuki Motor
Corporation (SMC), Japan in 1982. The Company became a subsidiary of SMC in 2002.It is the market leader in passenger vehicle segment in India. In terms of production volume and sales, the Company is now SMC’s largest subsidiary. SMC currently holds 56.28% of its equity stake.
The principal activities of the Company are manufacturing, purchase and sale of motor vehicles, components and spare parts.

Market Cap
₹ 2,61,620 Cr.
Current Price
₹ 8,660
High / Low
₹ 9,769 / 7,062
Stock P/E
35.3
Book Value
₹ 1,893
Dividend Yield
0.69 %
ROCE
8.95 %
ROE
7.25 %
Face Value
₹ 5.00
Debt
₹ 625 Cr.
EPS
₹ 246
PEG Ratio
-4.44
Promoter holding
56.4 %
Intrinsic Value
₹ 3,045
Pledged percentage
0.00 %
EVEBITDA
21.4

PROS

Company is almost debt free.
Company is expected to give good quarter
Company has been maintaining a healthy dividend payout of 36.5%


Fundamental Analysis:-

Maruti Suzuki is expected to outperform in a moderating growth environment in FY24E, driven by its promising product pipeline. According to sources Maruti Suzuki going to launch of three more new products in the next six to nine months. This all will lead this company Stock price towards 10k plus levels.

Technical Analysis:-

Maruti Suzuki has given proper breakout of falling trendline and made double bottom valid pattern in daily timeframe, Price action indicating a bullish momentum in Maruti Suzuki,,,time has came to say bye bye to bears in it. All levels has written on Chart, Trade accordingly. Always think long term. This is also one of the best Gem to invest in long term. Trade Carefully and Trade with Strict Stop loss.

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Comment:

For option lover i have trade in it, i will give you both option buying & option writing:-

For buying:-
Buy Maruti APR 8700 CE @115
Stop loss 35 and target we can see 175/225/285+

For option Writing:-
Sell Maruti APR 8700 PE @148
And hedge with
Buy APR 8300 PE @17
Well this is hedge position but still keep a stop loss at 325 if something goes against to trade it will protect.

Chances are high we will exit on profits. Trade with strict stop loss.
All d best, happy trading.
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Comment:

All Targets done guys'