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