Stocks to Watch: Delta Corp, L&T Finance Holdings and PVR are the three stocks in F&O ban period on Tuesday.
Cars will be across all price segments in a market where company's rivals have lead
Margin improvement for market leader in passenger vehicles may take time, say analysts.
The stock was quoting higher for the fourth straight day and trading close to its 52-week high of Rs 8,400 touched on January 13, 2021
Shares of Maruti Suzuki India (MSI) on Friday dipped over 2 per cent after the company reported 46.16 per cent decline in sales in September. The stock dipped 2.39 per cent to close at Rs 7,159.40 on the BSE. During the day, it declined 3.28 per cent to Rs 7,093.50. On the NSE, it dipped 2.39 per cent to close at Rs 7,162.30. The country's largest carmaker Maruti Suzuki India on Friday reported 46.16 per cent decline in sales at 86,380 units in September. The company had sold 1,60,442 units in September last year, MSI said in a statement. Domestic sales slipped 54.9 per cent to 68,815 units last month as against 1,52,608 units in September 2020, it added. "Sales volume of the company in September 2021 was adversely impacted due to shortage of electronic components. The company took all possible measures to limit the adverse impact," the auto major stated.
The hike could be steeper than last three rounds, pushed by an exponential increase in prices of raw materials such as steel and copper, analysts said
Price hikes effective from July 1 could offset input cost pressures
The company is cautious on passing on raw material cost hikes to protect volumes
Competitive pressures, lower share of utility vehicle segment and margins are key worries
While bottoming out of volumes is a positive, the company has also been able to keep its inventory levels under check
The sector has been pressing the government for a reduction in the goods and services tax
The company reported a growth of less than a per cent in domestic sales for the month of September
Higher operating leverage and localisation will also aid margins
In 2017, shares of Maruti Suzuki jumped 83 per cent, even as the benchmark Sensex gained 28 per cent