Maruti, Hyundai, Tata on festive ride as Diwali bookings boom
Maruti Suzuki is in focus.
· Business Today Mkts
Maruti Suzuki, Hyundai and Tata Motors report healthy festive demand, rising bookings and a strong customer response as automakers gear up to sustain sales momentum through…
The analysis
Against that, the stock is -2.4% on the day at ₹11,200.00, and has returned -17.6% 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 -6.6% over the same period, so Maruti Suzuki is running 11.0 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.
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