Maruti Suzuki India Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 218485.44 Crore) operating in Auto sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 24124.20 Crore, down -1.39 % from last quarter Total Income of Rs 24465.10 Crore and up 26.38 % from last year same quarter Total Income of Rs 19087.90 Crore. Company reported net profit after tax of Rs 1167.70 Crore in latest quarter.
Investment Rationale
The stock has turned upwards after taking support at the 61.8% Fibonacci retracement level following its recent correction, which also happens to be the 50-DMA. Further, it continues to make higher highs and higher lows, suggesting bullishness. RSI has also turned upwards from the lower end of the bull zone, i.e, 40, suggesting an up move from here on.
Promoter/FII Holdings
Promoters held 56.4 per cent stake in the company as of Dec 30, 2020, while FIIs held 23.1 per cent, DIIs 15.7 per cent and public and others 4.9 per cent.
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