Maruti Suzuki gets 'outperform' rating from Credit Suisse

Saturday 10 March 2012, 10:56 AM by

Credit Suisse, the Swiss multinational financial services company, has placed Maruti Suzuki on the outperform rating as against the underperform list, an upgrade from recent times. As per CNBC-TV18 reports, against Rs. 1021 per share, the target price of Maruti Suzuki share has increased to Rs. 1671.

On March 6th 2012, the company’s share reached Rs. 1,349, thus registering intraday high, whereas its intraday low was 1,301.35. The company’s share price touched Rs. 1,348 at 11.10 hrs, registering increase of 2.47%. With 32,484 share volume, Maruti Suzuki was trading in the market. On 5th of March, registering 0.30% or Rs. 3.90 down fall, the company’s share closed at Rs. 1,315.55. Trailing 12-month (TTM) EPS of Maruti Suzuki was reported as Rs. 79.22 per share (Dec 2011).

Maruti Suzuki's Price-to-Earnings (P/E) ratio for the similar period was 17.02. Rs. 479.99 per share has been registered as the latest book value of the company. Reportedly, the company has secured dividend yield of 0.56%, while it price-to-book value at current value was 2.81.

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