Maruti Suzuki stock is in an uptrend on a medium-term chart. But the stock is correcting on the daily chart and is now trading at a support level. This support is provided by a 50% fibonacci retracement level (High of 9770 and low of 6570), so 8150 is a strong support zone for the stock in the short term. Trading idea: We will be looking for buying opportunity in MARUTI around 8150 for a target of ... [Continue Reading]
Auto Sector Has Outperformed: We are looking for Buying Opportunities in Maruti Stock
Maruti Suzuki India Ltd. is a leading 4 wheeler automobiles company it was listed on NSE on 9 July 2003 and the stock has given very good returns to the investors, looking forward we see that the performance of the company is very good in the emerging markets like India. It also sell various types of vehicles in automobiles segment. Looking at the stock price chart we find that the price action is ... [Continue Reading]
Maruti Suzuki June Sales Down by 8.8% to Lower by 80,298 units
Maruti Suzuki’s total sales in June fell by about 8.8% YoY (year-on-year) basis to 80,298 units, this was due to a sharp decline in sales of passenger car models such as SX4, Swift D’zire, Maruti 800 and multi utility vehicles Gypsy and Grand Vitara. The company's sales were partly hit by the workers strike at the Manesar factory during the last month. While there was no production for 10.5 days ... [Continue Reading]