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32: Maruti: a bellwether stock in the auto sector in spite of weak March quarter results

Mark to Market

English - May 16, 2020 07:48 - 6 minutes - 5.59 MB
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Previous Episode: 31: Why the markets were lukewarm to the Rs. 20 trillion economic package
Next Episode: 33: Extension of lockdown, lack of fiscal support a double whammy for Indian aviation

Maruti posted a weak March quarter performance, hit by COVID-19 pandemic and the lockdown. Sales and profits fell. Recovery is likely to take a few quarters, say analysts. Still, the stock trades at rich valuations. Tune in to know more.