Sensex releases flat, Nifty worse 8600, Tata stocks go down

equity tips On Thursday, the gainers are ITC, Asian Paints, Dr Reddy’s Labs, Sun Pharma and Hero MotoCorp, while losers in Sensex are Tata Motors, Tata Steel, ICICI Bank, TCS and Bharti.

The Automobile Giant Maruti Suzuki is expected to report excellent performance in Q2 with enormous profit 52 percent YOY to Rs 1,868 crore, while margin may decline, as per analysts polled by CNBC-TV18.

Revenue during the quarter reflects rising 30% YOY to Rs 18,222 crore owing to the mix shifted towards high priced vehicles like Vitara Brezza and Baleno.
However, compact car segment growth was 9 percent on account of success of new brand Baleno and Celerio. Utility vehicle sector has also witnessed big surge as a result of success of Vitara Brezza and Ertiga.

In quarter-2, sales of vehicles of Maruti recorded 4.2 lakh, which has registered a 19 percent growth corresponding to 3.53 lakh units sold in last year with exports and domestic volumes rising 18 percent.

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