Key facts: Mirae Asset Sharekhan maintains a 'Buy' rating on Maruti Suzuki, setting a price target of Rs. 18,400, citing expected demand growth from GST cuts, festive sales, and new launches.
Less than 1 min read
- Mirae Asset Sharekhan maintains a 'Buy' rating on Maruti Suzuki, setting a price target of Rs. 18,400, citing expected demand growth from GST cuts, festive sales, and new launches.1
- The Indian government cut taxes on cars and motorcycles, likely increasing demand before the festive season, which should benefit Maruti Suzuki and other auto stocks.2
- Maruti Suzuki is anticipated to release its sales figures for September, which are expected to be influenced by recent GST rate changes that have lowered car prices by over ₹2 lakh.3