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UBS sees 35% upside in Maruti Suzuki shares; here's why

Shares of India's largest carmaker Maruti Suzuki India were in focus today after the investment bank gave a buy call to the company with an upside of 35%. Shares of Maruti Suzuki gained 1.05% to Rs 8964.55 today against the previous close of Rs 8870.55 on BSE. Maruti Suzuki shares are trading higher than 100 day and 200 day moving averages but lower than 5-day, 20-day and 50-day moving averages. The large cap stock has risen 14.23% in a year and risen 20.7% in 2022. At 10:19 am, 3179 shares of the firm changed hands amounting to a turnover of Rs 2.84 crore on BSE. Market cap of the automaker rose to Rs 2.70 lakh crore. ....

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