Dec 27, 2013, 10.58 AM IST
Kotak notes Maruti Suzuki shares are factoring in expectations for a "sharp recovery" in volumes in fiscal year 2015 but says the year could instead be challenging because of "high inflation and weak job market conditions."
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Kotak downgrades Maruti Suzuki to 'sell'
Kotak notes Maruti Suzuki shares are factoring in expectations for a "sharp recovery" in volumes in fiscal year 2015 but says the year could instead be challenging because of "high inflation and weak job market conditions."
Like this story, share it with millions of investors on M3
Kotak downgrades Maruti Suzuki to 'sell'
Kotak notes Maruti Suzuki shares are factoring in expectations for a "sharp recovery" in volumes in fiscal year 2015 but says the year could instead be challenging because of "high inflation and weak job market conditions."
Kotak notes Maruti Suzuki shares are factoring in expectations for a "sharp recovery" in volumes in fiscal year 2015 but says the year could instead be challenging because of "high inflation and weak job market conditions."
"We are also concerned on low capacity utilization levels of the industry and strong competitor launches, which will restrict operating margin improvement," Kotak adds.
Kotak is only one of five brokerages out of 54 tracked by Thomson Reuters to rate Maruti Suzuki at "reduce", "underweight", or "sell."
Also Read: Rural demand saves the day for Maruti in FY14
Maruti Suzuki stock price
On December 27, 2013, at 11:14 hrs Maruti Suzuki India was quoting at Rs 1772.20, down Rs 19.4, or 1.08 percent. The 52-week high of the share was Rs 1829.90 and the 52-week low was Rs 1217.00.
The company's trailing 12-month (TTM) EPS was at Rs 100.73 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 17.59. The latest book value of the company is Rs 615.03 per share. At current value, the price-to-book value of the company is 2.88.
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