Maruti Suzuki skids 52-week low; Goldman Sachs recommends 'Hold'
Shares of Maruti Suzuki Ltd slipped to their 52-week low of Rs 1031.05 on Friday as investors are concerned of ongoing strikes at various plants which may weigh on production targets and profitability.
Maruti Suzuki has suspended production at its factory in Gurgoan for two days from Friday in view of the strike at its component supplying plant in Manesar.
Workers at Maruti Suzuki's Manesar plant went on strike demanding reinstatement of 44 suspended co-workers who were not taken back after an earlier 33-day impasse with the management ended Oct 1.
Goldman Sachs in a recent report has cut production estimates for Maruti Suzuki Ltd and maintained a'Neutral'rating with a 12-month price target for more details....
Maruti Suzuki has suspended production at its factory in Gurgoan for two days from Friday in view of the strike at its component supplying plant in Manesar.
Workers at Maruti Suzuki's Manesar plant went on strike demanding reinstatement of 44 suspended co-workers who were not taken back after an earlier 33-day impasse with the management ended Oct 1.
Goldman Sachs in a recent report has cut production estimates for Maruti Suzuki Ltd and maintained a'Neutral'rating with a 12-month price target for more details....
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