For Maruti, consecutive closing below 3450-3380,
It may fall up to 3000-2600 zone
Capacity constraints and Yen appreciation may be some of the headwinds
despite hopes of demand revival & 7-PC
CMP: 3749
Sell either below 3775 or on rise around 3800-3830;
TGT1: 3620-3518-3450*-3380* (1-3M)
TGT2: 3180-2990*-2840-2600* (12-24M)
TSL> 3850
Note: Consecutive (3 days) closing above 3850, Maruti may rally up to 3970-4140-4290-4350 & 4500-4800 in the alternative bullish case scenario from the present trading level.
As pat BG metrics and current market scenario:
(based on TTM & FWD EPS)
Current median valuation of Maruti may be around: 3500 (TTM/FY-16)
Projected fair valuations might be around: 3725-4000 (FWD/FY:17-18)
| SCRIP | EPS(TTM) | BV(Act) | P/E(AVG) | Low | High | Median | 200-DEMA | 10-DEMA |
| MARUTI | 156.31 | 784.7 | 20 | 3590.41 | 3410.88 | 3500.64 | 4123.54 | 3721.49 |
| MARUTI | 152.85 | 865.15 | 20 | 3550.45 | 3372.92 | 3461.68 | 4123.54 | 3721.49 |
| MARUTI | 175.95 | 950.5 | 20 | 3809.30 | 3618.83 | 3714.06 | 4123.54 | 3721.49 |
| MARUTI | 202.35 | 1045.45 | 20 | 4085.09 | 3880.83 | 3982.96 | 4123.54 | 3721.49 |
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