Shares of Maruti Suzuki India (MSIL) jumped 4% on Wednesday to hit a fresh 52-week high of Rs 12,722.70 on the NSE. The company also entered the coveted club of stocks with a market capitalisation of Rs 4 lakh crore. Currently, there are 13 other stocks with a market capitalisation of Rs 4 lakh crore … Read more
Even as Maruti Suzuki India (MSIL) set its foot on the gas pedal with a two-fold year-on-year jump in its net profit, the EBITDA miss acted as an unwanted speed breaker, inviting a ‘Sell’ recommendation from CLSA. The stock on Tuesday fell by 1.4% on NSE to the day’s low of Rs 9,680.50 and was … Read more
Notwithstanding the recent correction, Maruti Suzuki India (MSIL) shares are in a strong uptrend and trading above most of their simple moving averages. The stock has a potential upside of 14% or over Rs 1,300 per share based on the current chart structure along with robust fundamentals. MSIL shares rallied 7% or nearly 650 points … Read more
NEW DELHI: India’s largest carmaker managed to impress investors with its Q3 earnings with many brokerages even raising their target prices on the auto stock. While the order book for Maruti’s new models – Brezza and – remains strong, the addition of two new models in its portfolio (Jimny and Fronx) may lead to the … Read more
Nifty futures on the Singapore Exchange traded 41 points, or 0.22 per cent higher at 18,865.5, signaling that Dalal Street was headed for a positive start on Monday. Here are a dozen stocks which may buzz the most in today’s trade: : The country’s largest carmaker will increase the prices of its vehicles ‘substantially’ from … Read more
India’s largest car manufacturer Maruti Suzuki is likely to report a 4-5 times YoY jump in profit and a healthy double-digit growth in the September quarter, the results of which would be announced tomorrow. Domestic brokerage firm expects a 297% YoY growth in Maruti’s Q2 profit at Rs 1,900 crore while Kotak Institutional Equities expects … Read more
New Delhi: Brokerage firms remain mixed on the country’s largest automaker following its June quarter earnings announcement. Maruti Suzuki reported a 129.76 per cent year-on-year (YoY) surge in net profit to Rs 1,012.80 crore in the June quarter compared with Rs 440.80 crore in the same quarter last year. Sales volume for the quarter stood … Read more
India Ltd, part of the S&P BSE Sensex index, rose over 1 per cent in the last five sessions and over 11 per cent in a month, triggering a breakout from a 4-month-long consolidation range. The auto stock was moving in a broad range of 1,100 points since February, where Rs 8,300 acted as a … Read more
Maruti Suzuki India Ltd, part of Sensex and Nifty50, which rose a little over 12 per cent in one year has fallen over 16 per cent from its recent 52-week high, but signs of reversal on charts suggests that bulls could make a comeback. The stock has been in a downtrend so far in 2022. … Read more