Maruti, M&M shares gain on hopes of festive sales
Sharekhan said both Maruti and Mahindra & Mahindra will outperform the sector in the near-term, citing a 'strong' order backlog
Shares in Maruti Suzuki and Mahindra & Mahindra gain on hopes for rising sales this month as part of the festival season.
Sharekhan said both Maruti and Mahindra & Mahindra will outperform the sector in the near-term, citing a "strong" order backlog, according to an email to clients.
Six models from the two companies, including the Maruti Dzire and the Mahindra XUV 500, have pending orders of about 170,000 units, or as much as 75 percent of the average monthly passenger vehicle sales recorded in the broader sector, as per Sharekhan calculations.
A weakening Japanese yen is also helping Maruti Suzuki shares given expectations it will reduce the cost of royalty payments to Suzuki Motor.
Maruti shares gained 4.2 percent, while Mahindra & Mahindra shares gained 1.5 percent.
The Asus laptops that will come will be equipped with the updated GPUs are the ROG and TUF family laptops.
You get access to flagship-grade processors, 108MP cameras and 5G compliance in smartphones available for under Rs 25,000 in India this month.
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