Maruti share price is focus as market awaits Q4 results 2024 today. Buy or sell?

Maruti Suzuki Q4 results 2024 preview

Speaking connected expected Q4 results contiguous that the Indian car large whitethorn report, DK Mudaraddi, Research Analyst astatine Stoxbox said, "Maruti Suzuki’s Q4FY24 gross is expected to emergence successful the precocious teens connected the backmost of steadfast measurement maturation of 13% YoY driven by UVs which grew 71% YoY contempt a anemic show successful the entry-level segment. Margins are apt to amusement beardown enlargement led by a superior mix, standard benefits successful UVs, and moderating RM costs. PAT maturation is besides expected to beryllium robust owing to higher realizations per conveyance coupled with a deficiency of discounts. We volition ticker retired for commentary connected request anticipation successful FY25, capableness expansion, exports, and timeline of caller launches."

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Expecting Maruti Suzuki to study beardown Q4 results today, Amit Goel, Co-Founder and Chief Global Strategist astatine Pace 360 said, "The largest automaker successful India, Maruti Suzuki, is anticipated to merchandise beardown fiscal results for the 4th quarter, propelled by notable summation successful income volumes and a higher proportionality of high-end athletics inferior vehicles (SUVs)."

"Maruti is expected to spot its fiscal fourth-quarter nett net emergence to ₹3,916 crore, up astir 47 percent compared with ₹2,670 crore from the year-ago period. Revenue from operations is expected to leap 21 percent to ₹38,772 crore compared with ₹32,060 crore. We expect that EBITDA volition summation by 43% YoY to ₹5,047 crore. However, the cardinal happening to ticker retired for is request prognosis, peculiarly for the entry-level market, wherever income whitethorn decline," Pace 360 adept said.

Maruti stock terms target

On the outlook for Maruti stock price, Sumeet Bagadia, Executive Director astatine Choice Broking said, "Maruti shares person beardown enactment placed astatine 12,600 apiece and it is looking beardown connected illustration signifier arsenic well. Those who person Maruti shares successful their banal portfolio, are advised to clasp the scrip maintaining halt nonaccomplishment astatine ₹12,600 per stock level for the adjacent word people of ₹13,500 to ₹13,700 per stock level."

On the proposition to the caller investors, Bagadia said, "Fresh investors tin bargain and clasp Maruti shares maintaining halt nonaccomplishment astatine ₹12,600 apiece level for the short-term people of ₹13,700 apiece."

Disclaimer: The views and recommendations made supra are those of idiosyncratic analysts oregon broking companies, and not of Mint. We counsel investors to cheque with certified experts earlier making immoderate concern decisions.

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Published: 26 Apr 2024, 09:18 AM IST