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The stock quoted a 52-week high price of Rs 2379.0 and a 52-week low of Rs 1513.3.

A sharp correction in natural rubber and crude prices to drive a sharp margin recovery from 3QFY23 and EPS upgrades. We expect margin to recover from 2HFY23, with a softening in underlying RM prices.

“In the next three to six months, the dust should settle, whether there is a hard landing or soft landing in the US. Post that, I do not think IT is going back to the pre-Covid levels. It should stabilise somewhere here or may be 5-10% lower and that is broadly my view for banking as well as for IT,”

Interest rates were sharply hiked through the week, with the Fed delivering its third consecutive 75 basis-point increase on Wednesday and Switzerland exiting the era of negative interest rates on Thursday, with its first hike in 15 years.

The company across its verticals is adapting changes to address the ever-changing consumer preferences and consumption patterns. Moreover, the company is looking at opportunities whether it be via M&As or capital allocation for driving exports. Also, the company via its integrated consumer goods manufacturing and logistics (ICML) focuses to augment supply-chain efficiencies.

As of 30-Jun-2022, promoters held 54.8 per cent stake in the company, while FIIs held 23.65 per cent and domestic institutional investors had 13.1 per cent.

Despite inflationary pressure on various inputs, coal crisis, and uncertainty in LME (London Metal Exchange) prices, the company has been able to maintain the status of being the lowest cost producer of bauxite and alumina in the world

Even as the economy recovered, corporate bond issuances were down by more than a fifth between April and August this year compared to the same period before the pandemic, in 2019. This resulted in higher-rated corporates being able to raise funds at close to the borrowing rates for government debt, the safest asset on the Indian market.

“Maruti Suzuki’s outlook for the Indian market is pretty bullish. We are looking at CAGRs of 6.5% or so for the next eight-nine years. We believe the passenger vehicle market in the country will be about 6 billion in 2030. As a result, we have been introducing and investing not only in new models but also in production capacity. Very recently, we made a significant investment in the Kharkhoda plant for additional capacity of almost a million units.”

The stock quoted a 52-week high price of Rs 3048.0 and a 52-week low of Rs 1106.0.