Maruti Suzuki Ertiga gets a price hike in October: Check new prices of all 7-seater MPV variants
Maruti Suzuki moved higher.
· Business Today Mkts
The price revision comes amid strong demand for the Ertiga in India's passenger vehicle market.
The analysis
Against that, the stock is +0.7% on the day at ₹11,245.00, and has returned -17.5% 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 -6.8% over the same period, so Maruti Suzuki is running 10.7 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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