Best Short Sell:Breaking News: MARUTI(Result today:Big miss):
For Q4, Citi estimates PAT of 1379cr and Bloomberg estimate PAT of Rs 1194cr.
CNBC estimates Maruti to report 1240cr PAT. However, denofwealth.blogspot.in estimates Q4 PAT to be Rs 1132 crores, down 12% YoY (1284cr) and down 5.20% vis-à-vis Bloomberg estimates. Q4 PAT to be LOWER by roughly 8% even against CNBC estimates.
Stock may touch Rs3654 (STBT)
TP Rs 3480 May expiry
Stock should witness heavy selling as Maruti likely to CUT FY17 volume growth to 9-10% compared to earlier 12-14% due to capacity constraints, NGT diesel car issue, cost weighing due to new launches (Baleno, Brezza) and Yen issue
Investors may remember our sell call on Maruti in Jan2016 (Q3 results) at 4150. Subsequently Maruti made new low of 3202.
For Q4, Citi estimates PAT of 1379cr and Bloomberg estimate PAT of Rs 1194cr.
CNBC estimates Maruti to report 1240cr PAT. However, denofwealth.blogspot.in estimates Q4 PAT to be Rs 1132 crores, down 12% YoY (1284cr) and down 5.20% vis-à-vis Bloomberg estimates. Q4 PAT to be LOWER by roughly 8% even against CNBC estimates.
Stock may touch Rs3654 (STBT)
TP Rs 3480 May expiry
Stock should witness heavy selling as Maruti likely to CUT FY17 volume growth to 9-10% compared to earlier 12-14% due to capacity constraints, NGT diesel car issue, cost weighing due to new launches (Baleno, Brezza) and Yen issue
Investors may remember our sell call on Maruti in Jan2016 (Q3 results) at 4150. Subsequently Maruti made new low of 3202.
Maruti super bullish.. Already 150+
ReplyDeleteMaruti super bullish.. Already 150+
ReplyDelete