ABirlaNuvo Other trade ideas for the week , followup

  • ABirlaNuvo did our target 1474-1700 , fresh buying is advised in the range 1670-1710 with tgt 1770-1810-1900

  • Maruti Suzuki our long term call, can b traded for immediate tgt 3160

  • Motherson Sumi buy tgt 444-456

  • ITC buy for immediate tgt 368-374

    Arvind Mills , TVSMotors doing well keep trading and hold for tgt.

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Maruti Suzuki

Maruti Suzuki

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Our Recommendation : Investment Buy and Also Short term bet(6-9 months)

Time Frame : 2-3 yrs

Short term buy target: 3800-4200

Long Term(2-3 yrs) target : 12000+

Any dips should be used to add this counter. But remember this is not a trading bet .

Recently launched Ciaz is going to be game changer for Maruti. Till now Maruti was leader in entry level and hatchback, but was missing the game in more lucrative( high margin) sedan segment . Further its design and and brand image always stopped buyers from shifting to the next level car which is going to change big way by Ciaz. Any car lover can say its best of Vento(safety and build quality), Honda City(elegant design) and Verna (gadgetry) and add to that Maruti service and reliability.

So it should bring Maruti to the section ,it has been left till now.