Maruti Suzuki Sept 2016 Sales Number - Good News for Investor

Maruti Suzuki surprised the market analyst with extremely good Sept 2016 sales number. Company sold little over 1.49 lakh car and achieved better than expected YoY growth.

Generally a tepid month before the start of holiday season indicates good holiday sales. The new compact SUV and limited version Alto launch helped Maruti. The equity price may get the lift but major lift will happen post Oct sales numbers.

Investor should use recent market selloff to accumulate the share with medium to long term view to garner maximum profit.

In my point of view, investor should stay away from F&O market. 

Disclaimer: Please consult your financial advisor before investing                         

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About Devendra Prasad

20 years plus industry veteran of domestic and international ICT domain with the expertise in Business, Technology, Strategy and Analysis. Specializes in forecasting impact analysis, trends and recommendations for Investments, Technology and Regulations.