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29 Jan 2009

Is Maruti Suzuki Worth Investment?


1. I wanted to give you an update about Maruti Suzuki as its sales have gone down by 3% at Rs 4512 crore versus Rs 4674 crore (YoY) and net profit down 54% at Rs 213 crore versus Rs 467 crore (YoY).

2. However one can consider investment in Maruti near range of Rs 420-450 with a long term perspective. Maruti has day before yesterday had announced hike in price for its key models. No doubt the recession is having its effect on auto industry too.

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