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Industrial Products India, Industrial Manufacturers & Suppliers
 




 
   
 
 
 

Macquarie downgrades Maruti Suzuki

Macquarie downgrades Maruti Suzuki to 'neutral'

Macquarie has downgraded Maruti Suzuki India Ltd to "neutral" from "outperform" and cut its target price to Rs. 1,525 from Rs. 1,850 citing continued weakness in passenger vehicle demand and discounts on models.
The investment bank cut its fiscal 2013-14 sales estimates for Maruti Suzuki by 5.7 per cent as a result
Macquarie also said a weak rupee and higher discounts are offsetting the beneficial impact to Maruti Suzuki from a weaker Japanese yet.
Maruti Suzuki shares were up 0.3 per cent at Rs. 1,548.75 at 1.03 p.m.

 
     
 
   
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