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Maruti shares dips with increase in sales

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SIAM data shows that in August, car sales rose 33 per cent to 1,60,794 units as against 1,20,681 units in the same month last year. August month sales has made new record according to them..However the carmaker's market share in August dipped to 45.38 per cent..see the article

http://autos.in.msn.com/autonews/article.aspx?cp-documentid=4351963&page=0

5 Replies

U
Maruti Suzuki posted total of 1.05 lakh unit sales, the highest ever monthly sales from its stable. This is a growth of 24% from the same month last year and a marginal increase since last month.
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U
Yes the sales have increase drastically..but still shares are dipped..
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U
Yes you are right but compared to to March quarter the sales have fallen. One more reason could be that dividend had been declared on 26/8/10 so the exdividend price of any company tends to be lower than predividend for very short term. But good buy when markets correct little bit.

Keep discussing such more scripts.
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U
I think there are some variables which determine the price of a particular stock.No doubt it is a good stock and its long term porpects are intact.
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U
I think maruti is still India's no 1 in market share in its segment.. It has always been the top most.
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Topic Author

R

Rajani K

@ra_k

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Created Friday, 10 September 2010 15:37
Last Updated Tuesday, 30 November -0001 00:00
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