Business

CLSA downgrades Maruti as SUV market share falls

Mumbai: CLSA has downgraded its rating on Maruti Suzuki India to ‘sell’ from ‘underperform’ and lowered target price to ₹6,420 from ₹ 6,550 as the automaker has been consistently losing market share in the fast growing and most profitable sports utility vehicle (SUV) segment.”The company is likely to lose 600 bps (basis points) of market…

Published

3 years ago

December 4, 2021

Shrishti

CLSA downgrades Maruti as SUV market share falls

Mumbai: CLSA has downgraded its score on Maruti Suzuki India to ‘promote’ from ‘underperform’ and diminished intention mark to ₹6,420 from ₹ 6,550 because the automaker has been consistently dropping market share within the quick increasing and most profitable sports actions utility automobile (SUV) segment.”The firm is at chance of lose 600 bps (foundation choices) of market share over the FY20- 22 period within the domestic passenger automobile change attributable to the main enhance in share of SUV segment passenger autos and Maruti’s loss of market share on this segment,” said CLSA in a teach…
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Business

Main person cos to proceed capex

Several leading consumer facing companies including Hindustan Unilever, Britannia, Voltas, Havells, Blue Star and Titan Company are going to continue their high capital expenditure (capex) and expansion this fiscal as that in FY23, senior executives told ET and analysts in recent earning calls.Much of the capex is ear-marked for new factories…

Published

2 years ago

May 16, 2023

Shrishti

A lot of main person facing companies together with Hindustan Unilever, Britannia, Voltas, Havells, Blue Smartly-known person and Titan Company are going to proceed their excessive capital expenditure (capex) and growth this fiscal as that in FY23, senior executives informed ET and analysts in contemporary incomes calls.Much of the capex is ear-marked for ticket spanking contemporary factories…
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