|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||8,675.00 - 8,815.00|
|52-week range||6,536.55 - 9,196.85|
|Beta (5Y monthly)||0.80|
|PE ratio (TTM)||60.70|
|Earnings date||25 Oct 2022 - 29 Oct 2022|
|Forward dividend & yield||60.00 (0.69%)|
|Ex-dividend date||03 Aug 2022|
|1y target est||9,337.11|
Maruti Suzuki India Ltd, the country's top carmaker, said on Wednesday rising raw material costs had eaten into its margins despite more sales at higher prices, hurting quarterly profit which came in below analyst estimates. Maruti recorded a profit of 10.13 billion rupees ($126.79 million) for the quarter that ended on June 30, compared with 4.41 billion rupees a year ago when production was hampered by COVID-19-related disruptions. "The increase in prices of commodities adversely impacted the operating profit ... the company was forced to increase prices of vehicles to partially offset this impact," Maruti said in a statement.
India's top-selling carmaker, Maruti Suzuki, believes the government will show support for "green" car technology beyond full electric vehicles (EVs), such as hybrid, if it benefited the country, the company's chief executive said. The comments come after Maruti unveiled its first strong hybrid car in India, the Grand Vitara sport-utility vehicle (SUV), seen as key to helping recover ground lost to competitors such as Hyundai Motor and Kia Motor.
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