Can Maruti Suzuki stock hit Rs 10,000 levels?

In its latest report on the outlook for global auto companies for 2018, Maruti Suzuki with a price target of Rs 9,843 features among the top regional pick for 2018

After a stellar 60 per cent rally thus far in calendar year 2017 (CY17) and outperforming the S&P BSE Sensex and S&P BSE Auto indices that rose 26% and 25% during this period, can Maruti Suzuki hit the five-figure mark over the next one year? Analysts at Nomura believe that Maruti, which is already trading near its 52-week high level on the National Stock Exchange (NSE) can come close to hitting this figure.

In Nomura's latest report on the outlook for global auto companies for 2018, Maruti Suzuki with a price target of Rs 9,843 features among the top regional