Maruti Suzuki shares fall 4% after July sales miss estimates
The report of Maruti Suzuki India’s poor July 2024 sales results caused the company’s shares to drop by more than 4%. The company’s overall performance and total domestic sales failed to meet market expectations, which resulted in the drop.
In July 2024, Maruti Suzuki sold 1,75,041 units, a 3.63% reduction from 1,81,630 units sold in the same month the previous year.
The company’s domestic PV sales were 1,37,463 units, a 9.64% decrease from 1,52,126 in July 2023.
As of 11:00 am, Maruti Suzuki shares were trading 3.77% lower at ₹12,855 on the NSE.
Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The data and figures presented are based on publicly available information and may be subject to change. Before making any investment decisions, it is recommended to conduct thorough research, consult with financial advisors, and consider your individual investment goals and risk tolerance. The author and publisher of this article do not assume any responsibility for any investment decisions made based on the information provided.