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
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
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