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    MARUTI   INE585B01010

MARUTI SUZUKI INDIA LTD

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Maruti, Axis Bank help Indian shares break 5-day losing streak

01/25/2022 | 05:40am EDT
A man walks past the Bombay Stock Exchange (BSE) building in Mumbai

BENGALURU, Jan 25 (Reuters) - Indian shares snapped their worst losing streak in more than 10 months on Tuesday, helped by top domestic car maker Maruti Suzuki soaring on better-than-expected margins and Axis Bank on the back of strong earnings.

The blue-chip NSE Nifty 50 index closed 0.75% higher at 17,277.95, while the S&P BSE Sensex climbed 0.64% to 57,858.15, after five straight sessions of heavy losses driven by foreign investor selling.

The indexes fell as much as 1.9% earlier in the session, in line with global peers, driven by tensions between the West and Russia over Ukraine and expectations of a more hawkish U.S. Federal Reserve.

Maruti Suzuki posted a bigger-than-expected drop in quarterly profit. But its shares surged 6.8% as a series of price hikes last year, aimed at mitigating rising material costs, helped improve margins.

Axis Bank ended 6.8% higher on its best day in nearly a year after the private-sector lender beat estimates for quarterly profit.

Oil-to-retail conglomerate Reliance Industries, India's most valuable company, settled 0.2% lower after falling as much as 3% earlier in the session.

The Nifty IT index, the biggest casualty of the recent sell-off, ended down 0.33%, marking its seventh straight session of losses.

Among individual stocks, India's No. 2 telecom operator Bharti Airtel climbed 3.2% after saying it would consider a preferential share issue. Local media reported that Alphabet Inc's Google may subscribe to the issue.

Nifty component Cipla closed up 1.5% ahead of its quarterly results.

Indian markets are closed on Wednesday for a holiday and will resume trading on Thursday. (Reporting by Chris Thomas in Bengaluru; Editing by Ramakrishnan M.)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 2.15% 2159.27 Delayed Quote.-26.96%
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) 0.04% 0.70911 Delayed Quote.-2.18%
AXIS BANK LIMITED 2.82% 683.55 End-of-day quote.0.74%
BHARTI AIRTEL LIMITED 0.73% 693.35 End-of-day quote.1.39%
BRITISH POUND / US DOLLAR (GBP/USD) -0.06% 1.2579 Delayed Quote.-7.30%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) 0.30% 0.78237 Delayed Quote.-1.41%
CIPLA LIMITED -0.75% 964.55 Delayed Quote.2.94%
EURO / US DOLLAR (EUR/USD) 0.25% 1.0715 Delayed Quote.-5.60%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.17% 0.012878 Delayed Quote.-3.88%
MARUTI SUZUKI INDIA LTD 0.23% 7805 Delayed Quote.4.86%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) -0.16% 0.64684 Delayed Quote.-5.70%
NIFTY 50 0.90% 16170.15 Delayed Quote.-7.65%
NIFTY 500 0.99% 13722.55 Delayed Quote.-9.39%
NIFTY IT -3.38% 27932.55 Delayed Quote.-28.77%
RELIANCE INDUSTRIES LTD -0.95% 2587.1 Delayed Quote.10.30%
S&P GSCI PETROLEUM INDEX 3.27% 423.1356 Real-time Quote.49.65%
SENSEX 30 0.94% 54252.53 Real-time Quote.-7.73%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) 5.77% 63.675 Delayed Quote.-24.77%
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Analyst Recommendations on MARUTI SUZUKI INDIA LTD
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Financials
Sales 2022 877 B 11 292 M 11 292 M
Net income 2022 35 920 M 463 M 463 M
Net cash 2022 424 B 5 464 M 5 464 M
P/E ratio 2022 66,3x
Yield 2022 0,65%
Capitalization 2 358 B 30 399 M 30 363 M
EV / Sales 2022 2,20x
EV / Sales 2023 1,74x
Nbr of Employees 16 025
Free-Float 43,6%
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Technical analysis trends MARUTI SUZUKI INDIA LTD
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TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Mean consensus -
Number of Analysts 0
Last Close Price 7 805,00
Average target price
Spread / Average Target -
EPS Revisions
Managers and Directors
Hisashi Takeuchi Chief Executive Officer & Managing Director
Ajay Seth Chief Financial Officer
Ravindra Chandra Bhargava Non-Executive Chairman
Rajesh Uppal Chief HR & Information Technology Officer
C. V. Raman Chief Technical Officer
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