Hold Maruti Suzuki, target Rs 1475: Nirmal Bang

Nirmal Bang has recommended a hold rating on Maruti Suzuki, with price target of Rs 1475 in its report.

" We believe that though the company being a leader in this segment & having more than 50% of market share, the competition is increasing in the A2 & A3 segments which are the major revenue earners for the company. We believe the company will record a volume growth of around 13% for FY10. But higher price realisation due to better product mix will help the company to improve its profit margins. We recommend a 'HOLD' on the stock with a price target of Rs 1475 per share," says Nirmal Bang's report.
Source : Money Control.