Uttaresh Venkateshwaran gets in conversation with Moneycontrol's Stanford Masters to discuss the reason for the decline in sales, what lies ahead for Maruti Suzuki and much more.
On the NSE, the stock plummeted 4.67 per cent to settle at Rs 7,201 apiece. The shares hit a low of Rs 7,180 and a high of Rs 7,486.30 in the intra-day trade.
'I am not able to determine what impact BS-VI is going to have on sales next year,' Maruti Suzuki's chairman RC Bhargava said.
The model, which was launched in October 2015, posted a 20.4 per cent growth in sales in the April-October period this fiscal, the company said.
Siddhartha Khemka of MOFSL said nonetheless one can assume the Brent crude price to be in the range of $60-70/barrel as this is beneficial for both the oil producing as well as consuming countries.
Weak crude and appreciation in the rupee are helping the Indian equity market, says Rajesh Satpute, Associate Director- Research, LFS Broking Pvt Ltd.
Chandan Taparia of Motilal Oswal Securities sees immediate resistance for the Bank Nifty at 26,250-26,333 levels
Motilal Oswal is bullish on Maruti Suzuki has recommended buy rating on the stock with a target price of Rs 8484 in its research report dated November 13, 2018.
Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 34.5 points or 0.32 percent. Nifty futures were trading around 10,656-level on the Singaporean Exchange.
The seven-seater MPV will be launched in an all-new avatar on November 21, 2018, Maruti Suzuki India (MSI) said in a statement.
While the car has always sold through the Arena network and despite a more premium look and finish, the company has opted to stick with the Arena showrooms because of its wider reach
India is an integral part of the Japanese company's global electric vehicle rollout plan, which will take form in 2019 with China
The continuous news flow ahead, since markets don’t like uncertainty, will create volatility which is not good for the markets, says Vivek Ranjan Misra of Karvy Stock Broking.
Dolat Capital recommended accumulate rating on Maruti Suzuki with a target price of Rs 7729 in its research report dated October 26, 2018.
Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 56 points or 0.56 percent. Nifty futures were trading around 10,103-level on the Singaporean Exchange.
Motilal Oswal is bullish on Maruti Suzuki has recommended buy rating on the stock with a target price of Rs 2735 in its research report dated October 25, 2018.
Motilal Oswal is bullish on Maruti Suzuki has recommended buy rating on the stock with a target price of Rs 8484 in its research report dated October 25, 2018.
Today, MSIL has a virtual monopoly in passenger vehicle market in India led by strong dealership network, brand loyalty on the back of competitive prices and resale value. With a slew of new launches including refreshers, product rejig toward premium products and leadership position in Indian market coupled with reasonable valuations, the stock will continue to enjoy the fancy of investors.
Maruti Suzuki stock has corrected quite significantly and is down 33 percent from 52-week high making the valuation very reasonable.
Credit Suisse, however, believes competitive intensity to weigh on the stock, going forward.
In September this year, the government announced plans of spending Rs 70,000 crore in setting up 10,000 CNG filling stations up from around 1450 at present in a decade. This has come as major shot in the arm for carmakers.
Krishna Maruti in Gurugram had to stop his production for two days in August due to extreme weather conditions and the consequent water-logging
Stocks with a combination of fundamental factors, such as high and consistent ROCE (return on capital employed), increasing or stable operating margin, positive free cash flow and low leverage, qualify as quality stocks.
Hatchbacks, sedans and SUVs are up on discounts by companies including from Maruti Suzuki, Hyundai, Mahindra, Ford, Tata Motors, BMW, Audi and Mercedes-Benz