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Maruti Suzuki - Impressive cost control buoys margins - Kotak

3QFY13 EBITDA was 8% better than our estimates primarily reflecting strong cost control and lower-than-expected discounts. Sequential improvement in gross margins despite a negative impact of currency on vendor imports was aided by strong cost control with vendors.

We maintain our SELL rating on the stock due to muted industry growth over the next 12 months and expensive valuations.

Source: Equity Bulls

Posted On: 2013-01-29 21:09:37

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Disclaimer:The article above is a gist / extract of the original report prepared by the research firm / brokerage firm. This article is not to be considered as an offer to sell or a solicitation to buy any securities. This article is meant for general information only. www.equitybulls.com, its employees or owners or the research firms, its employees or owners won't be responsible for any liability that may arise from information, errors or omissions in these articles. www.equitybulls.com or its employees or owners / the research firms or its employees or clients or owners may from time to time hold positions in securities referred in this article. For detailed research reports, please contact the concerned research firm directly.





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