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
Shashank Srivastava, Senior Executive Officer (Marketing and Sales), Maruti Suzuki India Ltd, says: “We could expect the month to end around the 375,000 mark for the industry, that should be about 11% growth over last year. March being the last month of the financial year, we are expecting industry sales to be about 42,35,000 or … Read more
India’s first automobile in-plant railway siding project (of Maruti Suzuki) was inaugurated by PM Modi in Gujarat on March 12. The project is at Hansalpur in Gujarat’s Mehsana district. Under the project, Maruti will increase the use of railways for dispatching finished cars from 26% to 40% annually, saving 50,000 truck trips, 35 million litres … Read more
Mumbai: Maruti Suzuki‘s continued dominance on Dalal Street as investors’ most preferred domestic automobile maker faces challenges with rival Hyundai Motor preparing for a debut on Indian bourses. The South Korean car maker‘s listing in the country could weigh on the premium valuations that Maruti’s shares enjoyed over other auto companies so far, said fund … Read more
Brokerage firm Macquarie has a neutral rating on Maruti Suzuki, Axis Capital downgraded ABB India to reduce, CLSA has an underperform rating on Asian Paints and Citigroup initiated a buy on Honasa Consumer (Mamaearth). We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Citigroup on Honasa Consumer: Buy| … Read more
Shares of two-wheeler major TVS Motor Company crossed Rs 1 lakh crore market capitalisation on Friday as the stock jumped over 4% to hit its fresh 52-week high of Rs 2,186 on the NSE. At 11 am, the stock’s market capitalisation stood at Rs 1.03 lakh crore. The gains come on the back of a … Read more
Automobile companies have kickstarted the current financial year on a very strong note, as a majority of them reported double-digit growth in both revenue and profits for the six months ended September. While growth was board based, four-wheeler makers saw revenue growing at a faster pace than two-wheeler makers. This was on the back of … Read more
Brokerage firm Macquarie upgraded RIL to neutral post Q2 results while Jefferies downgraded Cipla to hold. Also, Nomura maintained a neutral rating on Maruti Suzuki and Jefferies had a buy rating on Indian Hotels. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Macquarie on RIL: Neutral| Target … Read more
MUMBAI: Benchmark indices snapped two-week winning streak and net lost over 1% in the week-ended October 20. The rising US bond yields, firm crude oil prices, and weak earnings from IT majors were some of the factors that weighed on the market sentiment. The coming truncated week is likely to bring in volatility as a … Read more
Bajaj Auto. Share Price 5482.60 03:59 PM | 19 Oct 2023 345.25(6.72%) LTIMindtree. Share Price 5457.80 03:59 PM | 19 Oct 2023 302.61(5.86%) Nestle India. Share Price 24132.35 03:59 PM | 19 Oct 2023 869.40(3.73%) Hero MotoCorp. Share Price 3265.85 03:58 PM | 19 Oct 2023 112.70(3.57%) UltraTech Cement. Share Price 8518.55 03:59 PM | … Read more