Maruti Suzuki India Ltd (MRTI.NS)
Thu, Oct 25 2018
NEW DELHI/BENGALURU Maruti Suzuki India may find it tough to meet its 10 percent sales growth target for the current fiscal year, its chairman said, after the carmaker reported a fall in quarterly profit for the first time in more than four years.
* Q2 total revenue from operations up 3 pct (Adds company chairman, executive comments)
Oct 25 India's top-selling car maker, Maruti Suzuki India Ltd, posted a 9.8 percent fall in second-quarter net profit on Thursday, hurt by rising commodity prices and a weaker rupee.
** Shares of Maruti Suzuki India Ltd fall as much as 2.2 pct to 7126.05 rupees
** Maruti Suzuki India Ltd, the country's largest carmaker, gains as much as 4.36 pct to 7,175 rupees and breaks a resistance at 7,138.15 rupees
** Maruti Suzuki India Ltd, the country's largest carmaker, falls as much as 3.39 pct to 7,211.15 rupees and breaks a support at 7397.6 rupees
Sept 28 Indian shares erased early gains and ended lower on Friday, wrapping up their worst month since February 2016, with auto stocks such as Maruti Suzuki (India) Ltd and Hero MotoCorp Ltd dragging the benchmark indexes lower.
** Maruti Suzuki India Ltd, the country's largest automaker, falls as much as 1.42 pct to 8,280.00 rupees, lowest since May 21
- Note: Reuters has not verified this story and does not vouch for its accuracy
** Shares of Indian auto companies Ashok Leyland Ltd , Bajaj Auto Ltd, Tata Motors Ltd climb after reporting strong monthly sales