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Read Time:2 Minute, 29 Second
  • Business

Nifty Auto vrooms on the back of Hero MotoCorp; Maruti Suzuki zooms on price hikes

On 3 years Ago
peribiden
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The price of Maruti Suzuki India rose more than 2 percent in the morning session on January 17 after Auto Major announced a price increase across the model due to increased various input costs.

“In the continuation of our previous communication on December 2, 2021, the Company announced prices changes in all models because they increased in various input costs. The weighted average price increase in the ex-showroom (Delhi) price of the cross model was 1.7 percent. New price is effective Starting January 15, 2022, “said the company in submission of exchanges.

Stock traded at Rs 8,300, up RS 217.85, or 2.70 percent, at 10:37 a.m. It has touched the highest intraday RS 8,369 and Low intraday RS 8.101.

The Nifty automatic index rose more than one percent of the strong inflow expectations of passive funds in the coming days. The dealer said that the new Indian Nippon was launched Auto Auto ETF, it would likely be starting to deploy funds in the coming days, which will encourage purchases in many automatic index index shares nifty.

Given the weight of Maruti Suzuki 19.5 percent in the nifty automatic index is expected to attract the maximum amount of passive money, which helps stock up to 3.2 percent intraday. Others such as Tata Motors, Ashok Leyland and Hero Motocorp, each increase of 2-5 percent.

Prince Heroes Sharing the share of the Motocorp rose 5 percent in the initial trade after the company announced new investments to 420 crore at Energy Aher. The Motocorp hero board has agreed to invest in one or more stages in Energy Aher, the company said in her release.

Before the proposed investment, the share ownership of Hero Motocorp in Ather Energy was 34.8 percent (derrencal). After investment, share ownership will increase and the right shareholding will be determined after completing the Capital Raver by Aterhere, he said.

According to research and broking the ICICI Securities firm, a major recovery in revenue is estimated in space on a benign fy22e base, the majority of private mobility room players are closer to the multiples of income stable, leaving upside down.

“Relative, we prefer the CV cycle drama, where we see the scope for upgrades in the next income and re-rank. The upside down risk is the deflation of the main commodity costs while the risk of the main decline is pressure on the production of semiconductor chips recovered,” it said.

Increased leverage and operating stability in raw material costs will encourage profitability. At FY19-22, around 20-40 percent of the cumulative decrease in the volume of cross-segments and the cost of the main commodity costs leads to the decrease in the EBITDA margin of 300-800bps. It is expected to be reversed, spread across FY23-24 led by a revival in demand and a gradual price increase in the middle of a stable raw material cost basket, the brokerage company said.

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In BusinessIn Ashok Leyland , Buzzing Stocks , Hero Motorcorp , Maruti Suzuki , Tata Motors

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