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Live Stock Cash Tips : 29 July 2019

Published July 29, 2019 Total Comments : 0
stock cash tips 29 july 2019

Live Stock Cash Tips : Goldman Sachs on Maruti Suzuki
Maintain buy, target at Rs 7210 per share
Q1 results above estimates on cost control; buy on weakness
See EBITDA margin to have bottomed out as we expect better volume hereon

Citi on Maruti Suzuki
Buy call on the stock with target at Rs 7,400 per share
Q1 results a modest beat but near-term outlook gloomy
Co would likely outperform given sustained market share & balance sheet strength

IDFC Securities on Maruti Suzuki
Outperform rating with target at Rs 6,400 per share
Demand environment continues to remain weak with no overt signs of a recovery
Expect pressure on margin to continue in the near-term

CLSA on Maruti Suzuki
Maintain buy call with target at Rs 7,400 per share
Maruti reported weak q1 results as volume fell 18% YoY
Believe Maruti is a better way to play a potential demand recovery

UBS on Maruti Suzuki
Sell call with target at Rs 5800 per share
Q1 a consensus miss amid a tough environment
EBITDA below consensus, adjusting for estimated AS-116 impact

CIMB on Maruti Suzuki
Reiterate add rating with target at Rs 7,776 per share
Q1 EPS fell 20% QoQ In-line with consensus but 26% above estimate
Key risks are fuel price spike impacting car industry demand

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