The country’s largest carmaker, Maruti Suzuki India reported Ebitda of Rs 2,830 crore, which was 5?ove our estimates due to higher-than-expected ASPs (superior product mix). We expect mix benefit to partly reverse in coming months. Overall, we expect domestic PV segment demand to sharply moderate in FY2024E due to cost headwinds and waning pent-up demand. We also expect the Ebitda margin to rema...

Indian equity indices opened in green on Tuesday. The Nifty opened above the crucial 18,150 level and Sensex above 61,100. The NSE Nifty 50 rose 48.20 points or 0.27% to 18,166.75 and the 30-share BSE Sensex climbed 200.51 pts 0.33% to 61,142.18. The top gainers of Sensex were Tata Motors (up 1.55%), HDFC Bank (up 1.34%), IndusInd Bank (up 1.22%), Bajaj Finserv (up 1.18%) and Infosys (up 1.10%) wh...

Maruti Suzuki, India’s largest car manufacturer, has commenced the exports of the Grand Vitara SUV. The first shipment of the Grand Vitara has been recently shipped to Latin America from the Kamarajar port. Maruti aims to export Grand Vitara to more than 60 countries across Latin America, Africa, Middle East, ASEAN and neighboring regions.Maruti Suzuki Grand Vitara: Price, specsPowering the Maru...

SGX Nifty on Monday hinted at a positive start for Indian benchmark indices NSE Nifty 50 and BSE Sensex as Nifty futures were trading 165 pts or 0.93% higher at 18000 on the Singapore Exchange. “Nifty has been consolidating around the 17800 zone for last 4 trading sessions after witnessing a sharp upmove of more than 800 points in 8 sessions. Strong traction in ongoing domestic earnings, FIIs tu...

Indian equity markets are likely to open marginally higher on the week’s last trading day, hinted SGX Nifty. Ahead of the session, Nifty futures were trading 40 pts or 0.23% higher on the Singapore Exchange, signalling a flat to positive start for NSE Nifty 50 and BSE Sensex. “The consolidation in Nifty is on the expected lines and we recommend focusing more on the sector/stock selection for n...