September Auto Sales Review: Tractors Falter; TVS & Maruti Beat Estimates — Check Top Picks
Maruti Suzuki reported results.
· NDTV Profit
Indian auto companies reported a mixed set of monthly sales numbers, with passenger vehicle and commercial vehicle makers largely posting strong year-on-year growth, while tractor manufacturers faced pressure.
The analysis
Against that, the stock is -1.6% on the day at ₹11,264.00, and has returned -19.3% over three months. It sits 35% below its 52-week high, which means a good deal of bad news was already in the price. The auto sector has moved -4.1% over the same period, so Maruti Suzuki is running 15.2 points behind its peers.
For Maruti Suzuki, the question is how much of this is already reflected in the price and how much re-rates the auto peer set alongside it.
Market context
- The company directly in focus is MARUTI.
- Sector exposure: Auto.
- The immediate tone of coverage reads positive.
In this story
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