IndiaCatalog.com
India News
Search Web Directory
News Home
Maruti Suzuki stock slides 2.3% to hit 10-month low
Posted on 20th September 2018
Shares of Maruti Suzuki, which rose over ten-fold in six years through 2017, seem to have lost the steam. The stock has corrected close to 16% since January after its record-setting run, beating the Nifty returns for six years in a row. Among its most stellar returns were a gain of 88.8% in 2014 and 82.9% in 2017.

The Maruti Suzuki stock slid 2.3% on Wednesday to hit a ten-month low of Rs 8,210.35 on NSE. The share price of the country’s largest car maker was down 16.5% from its July 24 record of Rs 9832.45 even as the benchmark indices continue their record-breaking rally. The company has seen an erosion of Rs 49,000 crore in its market capitalisation from its July peak.

Market participants observe the extended weakness in the rupee, rising crude oil prices and lingering tariff war between the US and China have made the stock less attractive to the investors.

Barring two, the stock of Maruti ended in the red in every trading sessions so far in September. The stock fell 9.7% since the beginning of the month, making it the worst performer in the Nifty Auto index in month-to-date.

The trade war between China and the US will affect all nations, Maruti Suzuki chairman R C Bhargava said during the company’s 37th annual general meeting (AGM) in New Delhi last month, adding “uncertainty in oil prices will also adversely hit growth of auto industry and the economy.”

The benchmark Nifty50 has gained 6.7% since January. The Brent crude which is hovering close to $79 per barrel has increased over 11% since August 15.

Deutsche Bank opined strengthening yen against rupee will make imports of parts from Japan costlier. “A one per cent gain in the yen versus the rupee leads to a 0.7% drop in Maruti’s earnings per share,” the brokerage said in a recent note.

The Japanese yen has strengthened 13.7% against the rupee since the beginning of 2018.

While the stock of Maruti Suzuki rose at a compound annual growth rate (CAGR) of 45.5% between 2013-17, the Nifty50 gained 12.3% during the same period. In fact, when the benchmark yielded a negative return of 4.06 in 2015, Maruti Suzuki rose 38.8%.

Related Companies: Maruti Suzuki India Limited   

Other Latest News
Yes Bank recommends name of Brahm Dutt for post of Chairman: Sources
Posted on 18th December 2018
Yes Bank has recommended the name of its board member Brahm Dutt for the post of Chairman to the RBI, according to sources. The Chairman post fell vacant after the resignation of Ashok Chawla in November following issues related to probity. “The bank has sent the name of Dutt to the Reserve Bank for the Chairman post,” a source said Tuesday.

Air India offer: Grab cheap late night flight tickets for as low as Rs 1,379; check routes, flight details
Posted on 18th December 2018
Air India offer: India’s national carrier Air India has announced ‘Night Flights’ offer, using which flyers can book flights for as low as Rs 1,379 (all-inclusive). “Night Flights, beat peak rush hour at attractive fares,” the air carrier said on its website. The customers can book Ahmedabad-Bengaluru late night flight (departure time: 0305; arrival time: 0525) for Rs 1,379. Other attractively priced routes include from Delhi to Coimbatore (departure time: 2115;

Mukesh Ambani’s RIL in talks with Saudi Arabia for new refinery, petrochemicals projects
Posted on 18th December 2018
World’s largest oil exporter Saudi Arabia and richest Indian Mukesh Ambani-run Reliance Industries are discussing joint investment in petrochemicals and refinery projects, the Saudi Oil Minister Khalid al-Falih said. Al-Falih, who has known Ambani for over a decade now, travelled to Udaipur earlier this month to attend the pre-wedding festivities of Ambani’s daughter Isha’s marriage with Ajay Piramal’s son Anand.

PM Modi to launch projects worth Rs 41,000 cr in Maha tomorrow
Posted on 18th December 2018
Mumbai: In the lead up to the Lok Sabha and the state assembly elections next year, Prime Minister Narendra Modi on Tuesday will launch infrastructure and housing projects worth around Rs 41,000 crore in the state.

Modi, who will be in the state, will lay the foundation stone for Thane-Bhiwandi-Kalyan metro 5 and Dahisar-Mira Bhayander metro-9 in Kalyan in the neighbouring Thane district.


SBI may buy out Canara Bank’s loans in Ratnagiri Gas
Posted on 18th December 2018
Mumbai: State Bank of India (SBI) is looking to buy out Canara Bank’s loans of about ₹400 crore in Ratnagiri Gas and Power Pvt. Ltd (), the erstwhile Dabhol Power Co., said two people in the know. This is expected to be the first resolution under the inter-creditor agreement (ICA), which is part of the government’s Project Sashakt aimed at resolving bad loans.

» Post a FREE Classified Advertisement
Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.
Jobs in India India Real Estate Automobiles Matrimonials Beauty & Fitness

Add a comment for Maruti Suzuki stock slides 2.3% to hit 10-month low
Please only use this form to enter comments on the above company. All comments are reviewed before they are displayed on the web site. Not all comments may be displayed. Check back with us to see if your comments have been displayed.
If you want us to email the comments posted by users, please Subscribe by email
Name*
Comments*
Security Code*
 

Be the first person to write a business review for Maruti Suzuki stock slides 2.3% to hit 10-month low

Most Read News

Pune travel agents protest Air India plan to use one GDS

Telangana polls: TRS on course to retaining power if initial trends hold

Extradition of once king of good times’ Vijay Mallya from UK to speed up loan recovery process, says SBI

Axis Bank launches QuikPay Home Loan; a Monthly Instalments Plan

Paytm Money enables ‘UPI Payment’ facility for Mutual Fund Investments

More India News

  India Web Directory
Business Profiles
Automotive Directory
IT/ITES/BPO Directory
Hotel Directory
Health Directory
Business Directory
Gems & Jewellery
Education Directory
Real Estate Directory
Agriculture Directory
Logistics Directory
Yellow Pages
NRI Guide
Photo Galleries
Global Web Directory
*** FREE India Classifieds
Order Premium Listings
Submit a Site
Business Reviews
Home
About us
Link to us
Advertise
Contact us
Google Search Keywords: India Catalog, IndiaCatalog, India Web Directory
    © 1999 - 2018 IndiaCatalog.com
    All Rights Reserved
Privacy Statement