Bull market is far from over ...
Next round of buying to start .. next bull flag formation for the front runners :
Bullish calls on Maruti after UP's hybrid tax break sends stock to all-time high
Morgan Stanley has an Overweight on Maruti with a target of Rs 14,105 per share. The policy support by UP suggests having a diversified portfolio of powertrains is the best strategy in the sector, it said.
Morgan Stanley target - Rs 14,105
Citi target - Rs 15,100
Current price 12,700
Looks like market has room for a 10% upside from current levels ..