The Maruti Suzuki stock is down 17 per cent since its high a month ago on concerns that higher commodity prices, competitive environment, and the adverse currency situation will affect revenues and margins. Brokerages have downgraded the stock, and cut their earnings estimates by up to 12 per cent over the next two years.
Analysts have highlighted a couple of areas, which would keep the stock under pressure. Macro headwinds and the impact on volume are the most prominent among them. Given the fact that car buyers will have to buy the three-year third party insurance upfront, ...
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