Short-covering ahead of Q3 results lifts Maruti
Shares of Maruti Suzuki rose nearly 3 per cent on Wednesday to close at Rs 1,456.95, backed by good volumes.
By ET Bureau |
Shares of Maruti Suzuki rose nearly 3 per cent on Wednesday to close at Rs 1,456.95, backed by good volumes.
The stock has been among the laggards in the large-cap segment over the past couple of segments. This, in spite of the fact that some of the company's recently launched models, has evoked a very good response.
Dealers tracking the counter say that Maruti's operating margins could be under pressure for some time, considering that its rivals happen to be some of the biggest names in the global arena. They attributed the rise in the stock to shortcovering of positions by ahead of the company's third quarter results due next week.
The stock has been among the laggards in the large-cap segment over the past couple of segments. This, in spite of the fact that some of the company's recently launched models, has evoked a very good response.
Dealers tracking the counter say that Maruti's operating margins could be under pressure for some time, considering that its rivals happen to be some of the biggest names in the global arena. They attributed the rise in the stock to shortcovering of positions by ahead of the company's third quarter results due next week.
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