MARKET EYE-Maruti Suzuki falls on outlook concerns

Mon Dec 24, 2012 11:51am IST

Related Topics

Stocks

   

* Maruti Suzuki Ltd shares fall 1.5 percent on
concerns about the domestic passenger car sales outlook.
* Angel Broking says Maruti Suzuki expects "muted" volume growth
of around 6 percent in fiscal 2013 and 6-7 percent in fiscal
2014, according to a note on Monday, citing the automaker's
management. 
* The fiscal 2013 growth expectations are in line with Angel's
forecasts but the 2014 volumes would be below the brokerage's
10-12 percent growth expectations.
* "The management expects the domestic demand environment to
remain challenging going ahead due to macroeconomic pressures
and higher fuel prices. Further, the exports growth will also
remain under pressure due to economic concerns in Europe," Angel
says.

 (manoj.dharra@thomsonreuters.com)
FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

India-Nepal Ties

REUTERS SHOWCASE

Wipro Reaps Profit

Wipro Reaps Profit

Wipro Q1 profit up 30 pct on new contract wins   Full Article 

Monsoon Revives

Monsoon Revives

Monsoon revival keeps rain above average   Full Article 

Tackling Food Prices

Tackling Food Prices

India to free up extra 10 million tonne wheat in open market  Full Article 

Facebook Results

Facebook Results

Facebook beats Wall Street targets, stock hits record high  Full Article 

Struggling Economies

Struggling Economies

Asian economies to struggle on weak export demand - Reuters poll  Full Article 

Mining Roadblock

Mining Roadblock

Coal India's plans for 20 mines hit by land, environment delays  Full Article 

Power Jolt

Power Jolt

UAE's TAQA pulls out of India power plant deal with Jaiprakash  Full Article 

Factory Sector

Factory Sector

China July HSBC flash PMI at 18-month high of 52.0   Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage