Maruti Suzuki is projected to post a solid set of figures for the March quarter of fiscal year 2022-23 (Q4FY23), bolstered by new launches, lower raw material prices, and strong demand during festivals.
Positive quarterly results and management comments will act as a catalyst for the stock, which is down approximately 15% from its one-year high.
Motilal Oswal Financial Services predicts a 5.4 percent year-on-year (YoY) increase in Maruti volume for the March quarter of the previous fiscal year, backed by improving supply chain bottlenecks, traction for new model introductions, and good demand during festivals.
