Maruti: 3950-4050 Zone May Pose A Big Hurdle Amid Stronger Yen & Dovish Fed

Trading Idea: Maruti

CMP: 3811

Either sell below 3875 or on rise around 3950-4010-4050-4100;

TGT: 3795-3740*-3635-3595*-3415-3375-3190-3160 (1-3/6M)

TSL> 4150-4180

NOTE: Consecutive closing (3 days) above 4150-4180 zone for any reason, Maruti may further rally up to 4250-4315-4360 & 4450-4575-4650-4800-4850 zone in the near to long term (alternative bullish case scenario).

For Maruti (Standalone)

Q4FY16 TTM EPS: 151.33 (FY16/Actual)

Projected FWD EPS: 175-201.50-230.50 (FY:17-19/Estimated)

Average PE: 22

FY16 BVPS: 936.03

As par BG metrics and current market parameters:

Present median value may be around: 3600 (FY:16/TTM)

Projected fair value might be around: 3860-4150-4450 (FY:17-19/FWD)

MARUTI	EPS(TTM)	BV(Act)	P/E(AVG)	Low	High	Median	200-DEMA	10-DEMA
Q4FY16/TTM	151.33	936.03	22	3621.41	3546.92	3584.17	3939.2	3778.81
FY17/FWD	175	1062.45	22	3894.34	3814.24	3854.29	3939.2	3778.81
FY18/FWD	201.5	1205.85	22	4178.81	4092.86	4135.83	3939.2	3778.81
FY19/FWD	230.5	1370.75	22	4469.42	4377.48	4423.45	3939.2	3778.81

Analytical Charts: