Maruti Suzuki lost around 1% at Rs.7396.45 today morning; it did not exactly cascade down but remained range bound in the red, within a drop of 1% despite the drop in sales. This reflects how the market perceives the stock – a good buy at every decline even when sales drop!
Maruti’s sales for Dec’18 was down 1.3% at 1,28,338 units while exports showed a drop of 36%. This was the second straight drop in sales and the most since August.
Only Ciaz did very well, with its sales showing an increase of 99% followed by Super Carry, which showed a super duper 130% jump in sales. The worst drop was in mini car segments – Alto, Wagon R had a 14% drop in sales in Dec.
Its total sales from April to Dec showed an increase of 6.5% though exports remained under pressure for most of theyear till now, down over 13%.