MARUTI:Best Idea to go SHORT for whopping gains: Maruti will today declare results for Q3.
A. Bloomberg estimate is Rs 1388 crores NP.
B. CNBC estimate is Rs 1394 crore NP.
C. Estimates of different brokers range from Rs 1319 to 1414 crores. None estimates below 1300 crores.
Maruti had reported excellent sales nos.
However, Maruti is set to report worst profit figures of 2015:
NP for March15 quarter 1284cr.
NP for June15 quarter was 1192cr.
NP for Sept15 quarter was 1225cr.
However, today all analysts should be proved terribly off the mark as Maruti NP should be LOWER BY MORE THAN 20% (yes slippage of more than 20%) against CNBC est of 1394 cr and bloomberg est of 1388 cr and LOWEST quarterly profit of 2015. Co has suffered due to Yen factor, Royalty issue, Wage revision, launch of new models at much lower margin, flop of S-Cross etc.
TP: If market does not rise VERY SHARPLY for next few days, stock can slide to Rs 3720. In fact, Feb
A. Bloomberg estimate is Rs 1388 crores NP.
B. CNBC estimate is Rs 1394 crore NP.
C. Estimates of different brokers range from Rs 1319 to 1414 crores. None estimates below 1300 crores.
Maruti had reported excellent sales nos.
However, Maruti is set to report worst profit figures of 2015:
NP for March15 quarter 1284cr.
NP for June15 quarter was 1192cr.
NP for Sept15 quarter was 1225cr.
However, today all analysts should be proved terribly off the mark as Maruti NP should be LOWER BY MORE THAN 20% (yes slippage of more than 20%) against CNBC est of 1394 cr and bloomberg est of 1388 cr and LOWEST quarterly profit of 2015. Co has suffered due to Yen factor, Royalty issue, Wage revision, launch of new models at much lower margin, flop of S-Cross etc.
TP: If market does not rise VERY SHARPLY for next few days, stock can slide to Rs 3720. In fact, Feb
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