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UBS upgrades Maruti Suzuki to ‘buy’ on yen weakness

UBS raises price target to Rs.2,000 from Rs.1,500
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First Published: Mon, Jan 28 2013. 08 46 AM IST
UBS said Maruti Suzuki is also well positioned to benefit from improvements in petrol car sales. Photo: AFP
UBS said Maruti Suzuki is also well positioned to benefit from improvements in petrol car sales. Photo: AFP
Updated: Mon, Jan 28 2013. 08 49 AM IST
Mumbai: UBS upgraded its ratings on Maruti Suzuki India Ltd to “buy” from “neutral,” and raised its price target to Rs.2,000 from Rs.1,500, noting the weakening Japanese yen over the past three months would boost earnings.
Maruti Suzuki is also well positioned to benefit from improvements in petrol car sales, UBS added.
Maruti Suzuki India said on Friday its third quarter profit more than doubled. Reuters
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First Published: Mon, Jan 28 2013. 08 46 AM IST
More Topics: UBS | Maruti Suzuki | ratings | yen | earnings |
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