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What Goes In Maruti Suzuki’s Favour As Auto Shares Rebound
Investors retained faith and shares of Maruti Suzuki have pared nearly all the losses of the year. Is a recovery round the corner?
26 Dec 2019, 01:20 PM IST
Maruti Suzuki India Ltd. sold fewer cars this year, intermittently halted its assembly lines as demand fell and its stock price plunged. Yet, it remains the world’s most expensive large carmaker.Investors retained faith and shares of India’s largest automaker have pared nearly all the losses of the year. The stock surged nearly 33 percent from its July lows, aided by corporate tax cuts. Analysts expect new models from the maker of Sw...
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