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Date: January 09,2010
Ref. No. MPML/BB/005/001/2010

 

Dear Investor,

Maruti Suzuki India Ltd

CMP

1435

52 Week High

1740

52 Week Low

428

EPS

55.75

Market Cap (In Cr)

41396

We are suggesting to buy one of the strongest and biggest company in Auto industry in India, Maruti Ltd. It is the leader in Indian car market. The company has posted the highest sales growth in the last quarter. Maruti Suzuki India Limited (MSIL) sold a total of 83,306 vehicles in Sep'09, growing its sales by 17.3 per cent. The Sep'09 sales tally includes 11,712 units of exports, which grew by a whopping 85.4%. Maruti Suzuki's domestic sales volume in A2 segment comprising Alto, Wagon-R, Estilo, Swift, A-Star and Swift, at 52,508 units during the month shot up by 15.1 % y-o-y.

We are expecting stronger sales growth in Dec 2009 quarter as well. As per the last months sales number, Maruti Suzuki India Ltd domestic sales have grown by whopping 60% and outstanding export numbers at 91700 units by outstanding 125%.

Hence we are expecting Maruti to post excellent result in december quarter as well.

The stock at the moment is trading at 1435, trading 17% below its 52 week high. Where as all its Pears are trading at or near to 52 week high. Hence Maruti Suzuki India Ltd looks an attractive bet for short term.

We suggest you to buy in multiples of 50 shares. Buying in good quantity will give you handsome return.

Awaiting for your Quick Response.

Thanks and regards,

PMS Team