NIFTY FUT: (CMP 8820) 8777 – 8811 ARE IMPORTANT LEVELS AT CURRENT SITUATION. IF 8811 HOLDS TODAY SECOND HALF THEN 8829 – 8844 – 8857 CAN BE SEEN. IF NOT HOLD THEN SOME PROFIT BOOKING TILL 8722 – 8690 – 8675.
CLSA ON MARUTI: Maintain buy, target at `6650 Maruti should deliver strong 12% volume CAGR over FY17-19 Vol growth driven by new products, easing capacity constraints, demand normalisation Margins could come under pressure in ramp-up phase of Gujarat plant, rising commodity prices Believe a weakening yen will offer some buffer; Forecast healthy 15% EPS CAGR … Continue reading