Market Update -Maruti Suzuki,TVS Motor Falls; Indian Hotels Co up

Maruti Suzuki Falls- After April Sales Decline Shares of Maruti Suzuki fell as much as 2.1 percent to Rs 6,525. The company sold 1.43 lakh units last month, a decline of 17.2 percent from the year-ago period, India’s largest carmaker said in an exchange filing. Suzuki shares are trading 1.4% lower at Rs 6,567.15.

While IndusInd Bank shares are down by nearly 1% to Rs 1,593, to emerge among the biggest Sensex gainers.

TVS Motor Falls - The Most In Over Six Months After Q4 Results Announcement Shares of TVS Motor Company Ltd. fell as much as 8.2 percent, the most since Sept. 28, 2018, to Rs 452.

Yes Bank, Eicher Motors, Jet Airways, IndusInd Bank, Tata Steel, Hindalco, Vedanta, TVS Motor, Maruti Suzuki, HPCL, BPCL are among major lower in the early trade, while gainers are ONGC, IOC, JSW Steel, Britannia HDFC Bank, and ITC. Expect Infra and FMCG, all other sectoral indices are trading in red led by auto, IT, metal and pharma.

Rupee Opens: The Indian rupee opened lower at 69.61 per dollar on Thursday versus 69.56 Tuesday.

Indian Hotels Co up over 3% - The group reported a 54.55 percent rise in consolidated profit after tax (PAT) at Rs 122.56 crore for the fourth quarter ended March 31, 2019.

Ambuja Cements up over 1% - It reported a 57 percent growth in its standalone net profit to Rs 427 crore for the January-March quarter of 2019, as compared to Rs 272 crore in the corresponding period last year.

DHFL Swings - After Meeting Debt Obligations Shares of the housing finance company fluctuated between gains and losses to trade little changed at Rs 135.20.

Source

Market Update | Top Stocks to Buy | Maruti Suzuki Shares | TVS Motors | Rupee Update

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