Best Auto sector Stock of 2016
Maruti Suzuki: Share prices of the automobile major could jump nearly 105% over the next two years to Rs 7450, according to Sharekhan. Its stock currently trades at Rs 3,600 levels. The market leader in the domestic passenger vehicle industry posted a 13% growth in volume in December 2014 as against the industry average of 3.7%. Their new automatic cars and utility vehicles have been received well in the market. Recent depreciation in the Japanese Yen could help reduce costs as imports of parts will become cheaper. This is good news for Maruti’s profitability.
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