Technical and derivative analysts expect the Nifty to rise further in the coming week, up to 16,000 levels. The Nifty gained 2.7% last week to 15,699.25, outperforming most of the Asian peers. SUDEEP SHAH HEAD, TECHNICAL & DERIVATIVES RESEARCH, SECURITIES What should investors/traders do? Investors should look to buy the dips until 15,450 levels are … Read more
“The new product launches will add value to and sales would be better in the coming couple of months. So I would buy Maruti with the target of Rs 10,000 from current levels,” says Rahul Shah, V-P, Equity Advisory, . After a 7% move coming from the auto index and with the auto sales data … Read more
NEW DELHI: At a time when the market was rallying, auto sector sulked. And now, when the market is in total disarray, strength seems to have returned to auto counters, helped by healthy volumes and hopes of commodity benefits after the government moved to reduce steel prices. The Nifty auto index trades flat, with a … Read more
NEW DELHI: Wedding bells sounding across the country are helping two-wheeler makers regain their mojo and recover sales during April, analysts tracking the auto sector said. Along with that improving rural income also supported the demand. “Our interaction with leading industry channel partners indicates a recovery in two-wheelers (2Ws) owing to the marriage season and … Read more
Mumbai: CLSA has downgraded its rating on Suzuki India to ‘sell’ from ‘underperform’ and lowered target price to ₹6,420 from ₹ 6,550 as the automaker has been consistently losing market share in the fast growing and most profitable sports utility vehicle (SUV) segment. “The company is likely to lose 600 bps (basis points) of market … Read more
Mumbai: Shares of Suzuki jumped 8% on Tuesday, the best single-day jump in 19 months, to ₹8,049.65 on optimism that the chip shortages, which hampered the car maker’s production, is easing. Morgan Stanley said the chip shortage should be over with output from Malaysia increasing in October. “Along with the Malaysian chip output increase in … Read more
The mid- and long-term prospects remain strong for the Indian automotive market even though short-term challenges stemming from inadequate availability of semiconductors have disrupted operations in the industry, said Kenichi Ayukawa, managing director at . The vaccination drive being undertaken by the government, rapid development of road infrastructure and a young aspirational population ensure good … Read more
ET Intelligence Group: Objects in the rear-view mirror are closer than they appear. This standard disclaimer might help explain why Suzuki, which sells one of every two cars running on Indian roads, has struggled lately to stay ahead of galloping input-cost inflation. Margins slumped to a multi-year low in the September quarter at the maker … Read more
Covid cost car makers Rs 10,000 cr in Q1As much as Rs 7,000 crore of this is expected to be the consolidated loss of Tata Motors, according to brokerage estimates compiled by ETIG. Maruti Suzuki is projected to post its first loss as a listed company, while Eicher Motors, TVS Motor and Ashok Leyland too … Read more