Maruti Suzuki shares gain 3%. Should you buy post Q3 results?
Thu, Feb 1, 2024 1:09 PM

Maruti Suzuki shares gain 3%. Should you buy post Q3 results?

A Flip by Avya Verma
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Maruti Suzuki India's stock jumps 3% after brokerages reaffirm buy views on the company post its Q3 results, with a target price of Rs 12,000 (Jefferies) and Rs 12,500 (Nuvama). The company reported a 33% increase in consolidated net profit for the quarter ended December 2023, with revenue rising by 14.5% year-on-year. However, Jefferies also highlighted a moderation in passenger vehicle growth.

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