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At Maruti, hope rides country roads with demand as pillion

Agencies

High fixed cost associated with inventory had weighed on the operating loss.

Synopsis

The management’s commentary on demand recovery in the semi-urban and rural markets, in fact, continues to be encouraging. This should lend support to the stock to maintain its high valuation.

ET Intelligence Group: Maruti Suzuki posted its first loss as a listed company, but that was not a surprise to the Street as production and sales had come to a complete halt for a large part of the past quarter. In the near term — at least in the ongoing quarter — what is likely to influence the stock’s direction more than the financial performance is the degree of demand recovery in the automobile market.The management’s commentary on demand

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