neutral
Recently
Maruti Suzuki shares reverse gains as HSBC flags near-term risk
Maruti Suzuki shares slipped, snapping a six-day rise after HSBC highlighted near-term risk factors, prompting cautious selling in the auto index.
Shares of Maruti Suzuki fell, ending a 6 day winning streak after HSBC cautioned about near term downside risks in the auto major’s outlook. HSBC cited concerns over delayed model refresh cycles, potential supply chain disruptions, and rising commodity costs that could weigh on margins in the coming quarters. The broader auto index also declined, reflecting sectorwide profit booking and cautious sentiment among traders.