Investing in Indian Stock: Expected Growth of up to 80%
Maruti Suzuki India Ltd, the country's largest automaker, is attracting the attention of analysts in the global stock landscape.
According to Morgan Stanley, the company's shares could record growth of up to 70% or 80% in the coming months, outpacing the Indian market's benchmark index.
Morgan Stanley expects Maruti Suzuki to "outperform the country's index over the next 60 days", driven by several combined factors.
- Recovery in first-time buyers, a segment that represents the historical driver of automotive demand in India.
Author's summary: Maruti Suzuki India Ltd may see significant growth.