Maruti Suzuki India is a subsidiary of Suzuki Motor Corporation. Maruti Suzuki has been the leader of the Indian car market for over two and a half decades. The company has two manufacturing facilities located at Gurgaon and Manesar, south of New Delhi, India. Both the facilities have a combined capability to produce over a 1.5 million (1,500,000) vehicles annually. The company plans to expand its manufacturing capacity to 1.75 million by 2013. The Company offers 15 brands and over 150 variants. Maruti Suzuki India might rebound on the significant threshold currently tested.

In 2013, the profitability of Maruti Suzuki India Ltd should improve as the net margin growth shows. It should be at 6.17% in 2015 against 5.67% for the current year and sales are expected to increase. To date, PER for 2013 is estimated at 12.74 and at 10.54 for 2014. The company is valued 0.61 times revenues estimated for this year. This ratio should be taken into consideration by investors.

In the short term, the bearish trend has known a weakening close to the INR 1067.5 mid-term support. This level stopped the bearish trend of these last days. A new bullish trend is forming toward 20-day moving average at INR 1176.4.

Investors can take a long position. In the first instance, the target price will be the 20-day moving average area. In case of breakdown of the INR 1067.5 support at the closing price, investors should close their positions.