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Why we are Bullish on this Auto Maker?
Maruti is going to be the biggest beneficiary of the electrification of
the vehicles and thus this stock has to be a part of your portfolio.
The present downtrend in Nifty provides you an opportunity to
cherry-pick the stocks at a discounted prices. As of now, Maruti is moving in a downward channel with excellent support at the 6300 level. Above 7200 level, the bulls will get active in the stock.
India biggest carmaker Maruti Suzuki on Friday announced that the company is increasing the price for select models owing to in-crease in various input costs.
Price rise is upto Rs.22,500 on almost all the models, exceptCelerio and Swift. Maruti Suzuki India recently announced that its total production in March2021 increased significantly to 1,72,433 units over the same month last year.
Passengervehicle production stood at 1,25,724 units last month as compared to 69,854 units in March2020.
Meanwhile, the company has sait that its models Swift, Baleno, WagonR, Alto andDzire have emerged as best selling cars in 2020-21 and the top five models have come fromits stable for the fourth consecutive year. The stock is worth accumulation for next twoyears.
