MARKET EYE-Maruti Suzuki falls on outlook concerns

Mon Dec 24, 2012 11:51am IST

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A statue of the Ganesh, the deity of prosperity, is carried in a taxi to a place of worship on the first day of the ten-day-long Ganesh Chaturthi festival in Mumbai August 29, 2014. REUTERS/Danish Siddiqui

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* 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)
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