The share price of auto company Maruti Suzuki India (MSI) will cross Rs 9500. This is the estimate of brokerage house JM Financial. Along with this, the brokerage has given buy rating to the stock. This means that betting on this stock can be a profitable deal.
What is the price now: The share price of Maruti Suzuki in Thursday’s trading on the BSE index is Rs 7690, which is Rs 1,800 lower than the brokerage house’s estimate. According to the brokerage house, the share price of Maruti may increase up to Rs 1800. The time period given by the analyst is one year. That is, this increase can happen in the next one year.
Let us tell you that on Thursday, there was a rise of 2.76 percent in the share price and it reached the level of Rs 206. Maruti’s market capital has reached 2 lakh 32 thousand crores.
Baleno Launching Factor: According to the brokerage house, due to Maruti’s popular new Baleno, the stock is expected to boost. Accordingly, it is a leader in both comfort and safety while maintaining its competitive edge on price. Maruti Suzuki launched five products back-to-back including Ertiga, Ciaz, Brezza, Baleno and S-Cross with a success ratio of over 80 per cent.
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Recently, Maruti has announced to provide a special ‘cover’ to the customers keeping in mind the hydrostatic lock (water entering the engine) and engine failure or stalling due to adulterated fuel. To take advantage of this package, a nominal amount has to be paid. For Wagon R and Alto customers, this amount will be around Rs 500.