Maruti shares edge higher ahead of Q3 numbers

NEW DELHI: Shares of India's largest passenger-car maker Maruti Suzuki climbed 1 per cent in morning trade on Friday ahead of company's third-quarter numbers.

Brokerages are expecting a subdued show from Maruti in light of a volley of headwinds, including higher fuel prices, insurance and financing costs and higher inventory at dealers level, which the auto industry as a whole had to endure during the third quarter.

Maruti's second-quarter profit had declined by 10 per cent, but it still beat Street estimates. If its third quarter numbers beat market expectations, it will be no less than a sentiment booster for the entire sector.


Apart from volume and profit, Dalal Street will also focus on updates on demand trend in urban and rural areas, channel inventory, discounting trends and new launches.

Shares of the company traded 0.96 per cent up at Rs 7,105 around 9:55 am on BSE.