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VERIFIEDET Markets·negative
Maruti Suzuki shares decline over 2% after Q1. Morgan Stanley, Motilal Oswal decode the road ahead
AI Summary
- ·Maruti Suzuki shares declined over 2% following an 11% year-on-year drop in June-quarter standalone net profit.
- ·Revenue increased by 36% and sales volumes reached a record high during the June quarter.
- ·Analysts from Nomura cited margin risks, while Motilal Oswal reiterated a Buy call expecting market share gains and easing input costs.