Deutsche upgrades Maruti Suzuki
The bank sees earlier concerns on high levels of inflation, interest rates and widening of the gasoline-diesel price difference easing.
Says improving outlook for petrol vehicles and Maruti's strengthening position in diesel vehicles, key reasons for positive view.
Expects Maruti's domestic sales at 1.1/1.3 million vehicles in FY13/FY14 and expect EBITDA margin to expand 130 basis points (bps) to 8.8 percent in FY14.
Maruti shares up 0.26 percent at 1,372.70 rupees.
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