Prabhudas Lilladher: Maintain 'Outperformer' on Maruti

Prabhudas Lilladher in their company update of Maruti Udyog maintain 'Outperformer' rating on the stock.

"The two new plants coming up on schedule""one an "assembly line" plant and the other an "enginecum-transmission" plant (through a JV with its parent) - and with new models being introduced will propel growth in sales. We maintain our Outperformer rating, on a valuation of 14.0x FY08E EPS of Rs 59.4.", says the report.

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