Maruti Suzuki India's shares surged nearly 5 percent to Rs 12,615 per share on July 9, emerging as the top Nifty gainer following the Uttar Pradesh (UP) government's announcement of a complete waiver of registration tax on strong hybrid electric cars (HEVs) and plug-in hybrid electric vehicles (PHEVs) with immediate effect.This move benefits Maruti Suzuki's Grand Vitara SUV and Invicto MPV, both f...

It has been a rough fiscal fourth quarter for Maruti Suzuki, Tata Motors, and Eicher Motors stocks despite a robust financial performance, as analysts turned bearish on several auto firms, making them the most downgraded stocks over the last three months.Maruti Suzuki stock saw a decrease in positive analyst recommendations, dropping to 33 'buy' calls at the end of May from 38 at February-end. 'Ho...

Maruti shares have been making higher highs and higher lows and are looking strong on all major time frames. On May 27, the stock was trading at Rs 12,908, down 0.71 percent from the previous close."Maruti stock volumes have been encouraging in the latest bullish move followed by good price action. The structure seems bullish with RSI pointing northwards in the comfortable zones," said Arun Kumar ...

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...