Maruti Suzuki falls on outlook concerns

Mon Dec 24, 2012 12:08pm IST

The brand name of Maruti Suzuki is pictured on a Swift car at the company's stock yard in Ahmedabad April 25, 2011. REUTERS/Amit Dave/Files

The brand name of Maruti Suzuki is pictured on a Swift car at the company's stock yard in Ahmedabad April 25, 2011.

Credit: Reuters/Amit Dave/Files

Related Topics

Stocks

   

Reuters Market Eye - Maruti Suzuki 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.

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

Market Eye

Sensex, Nifty rise to second consecutive record high

Sensex, Nifty rise to second consecutive record high

The BSE Sensex and Nifty on Friday rose to their second consecutive record highs. The 30-share Sensex surged as much as 1.52 percent to an all-time high of 27,762.13. The broader Nifty gained as much as 1.49 percent to a record of 8,291.65.  Full Article 

REUTERS SHOWCASE

Ban on E-Cigs?

Ban on E-Cigs?

Govt considers ban on e-cigarettes, sale of single smokes.  Full Article 

Commodities

Commodities

Silver futures in India hit four-year low on global cues.  Full Article 

BOJ Policy

BOJ Policy

BOJ shocks markets with surprise easing as inflation slows.  Full Article 

Cost Cutting

Cost Cutting

PM Narendra Modi boots officials out of the first class cabin  Full Article 

Leisure Riding

Leisure Riding

Harley-Davidson woos affluent young Indians with bike culture  Full Article 

Shadow Banking

Shadow Banking

China's shadow banking sector growing rapidly, third largest in world - FSB.  Full Article 

Moody's on India

Moody's on India

Moody's welcomes India's policy steps, but wants to see more.  Full Article 

Reuters India Mobile

Reuters India Mobile

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