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Nothing exciting in Maruti’s Q3 FY20 results

January 30, 2020 / 11:29 AM IST
Nothing exciting in Maruti’s Q3 FY20 results

Maruti Suzuki India Limited’s (Rs CMP: 7,052; Mcap: Rs 213,000 crore) December quarter numbers were in line with Street expectations. On the back of a good festive season, the leader in the passenger vehicle (PV) segment reported a marginal improvement in revenues. However, higher discounts in December and sale promotions continued to squeeze the operating margin, which still came in at 10.2 percent. The Maruti stock price has gained 28 percent from its 52-week low levels in August 2019.  Valuations...

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