Maruti enjoys 60% market share in the petrol vehicles as against 28% in diesel sales volumes. The petrol passenger car has been the company’s forte.
Analysts fear a 10-20% decline in GBP versus USD if the British public says ‘aye’ to a Brexit.
India and South Korea look relatively safer for equity investors in Asia given the steep rise in stock valuations in China, Malaysia, Taiwan and Indonesia following the recent rally.
Gurgaon based Apollo Tyres, India’s second largest tyre company, is likely to see considerable improvement in its revenue growth in the current fiscal.
The MSCI Emerging Market index has formed a Golden Cross for the first time in a year, reflecting the possibility of a sharp upward movement for the market.
Foreign investors have dumped shares in May in nine of the last 15 years; they sold shares worth over Rs 3,374 crore last year.
Out of the total investment by the FPIs in Indian equities in the month to March, nearly one-third was deployed in industrial stocks and another 28% in finance stocks.
Automakers like Maruti Suzuki, Tata Motors face a rough ride as volatility reins in currency markets
The stock of Maruti and Bajaj Auto declined 18% and 2%, respectively, in the past three months compared with 2.3% increase in the BSE Auto Index.
Traders may show interest in stocks such as BPCL, SBI and Tata Power which have traded below two standard deviations and offer favourable risk-reward.
Global automobile stocks have fallen 10-20% over the past three months amid rising concerns about stagnation in the US car market.
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