Can Maruti stock continue to roar?
Maruti is on course to sell two million cars by 2020, a 40% jump from the 1.42 million vehicles it sold in 2015-16, reports suggest
Puneet Wadhwa |
Last Updated at August 31, 2016 23:35 IST
Maruti Suzuki hit a 52-week high of Rs 5,103.90 on the National Stock Exchange (NSE) in intra-day deals on Tuesday. From a 52-week low hit on February 29 earlier this year, the stock has rallied around 60% as compared to a 23% rise in the benchmark index, the Nifty 50.
By comparison, the Nifty Auto index has also lagged behind, rising around 36% during this period. Also Read: Maruti launches Swift variant priced upto Rs 6.86 lakh The overall sentiment for the auto sector has been improving on the back of an above-normal monsoon, which could eventually trigger rural demand for ...
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First Published: Wed, August 31 2016. 22:50 IST