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in share market with Rudra Investment Experts and currently All sectoral
indices are trading in the red, with most cuts visible among automobiles, IT,
metals and pharma seeing the most pain.
Maruti Suzuki To Proactively
Recall 5900 Super Carry Vehicles With customer safety as its top priority,
Maruti Suzuki India announced to proactively and voluntarily undertake a
recollect movement for certain Super Carry vehicles. "Recall campaigns are
undertaken globally to correct faults that may be potential safety
defects."
The company said it would look
over a possible defect in fuel filter of 5900 Super Carry vehicles manufactured
between 26th April 2018 and 1st August 2018. This also includes vehicles in
which fuel filter has been replaced in field during this period.
JUST IN | Bank of Baroda will be
seeking shareholder nod for issuing 10 crore fresh shares to employees and
directors on January 21.
UPDATE | Lupin shares slipped
nearly 2 percent in morning According To Rudra Investment on Wednesday after
global brokerage house Phillip Capital has reiterated sell call on the stock
with a target price at Rs 670, implying 20 percent potential downside. The
research house expects company's Q3FY19 earnings to remain weak and estimates
22 percent YoY decline in earnings.
"Enlargement challenges in
US on price erosion & competition is a concern while key plants are under
warning letter & will impact endorsement rate for near future," Expert
said.
The Rudra Investment Leading
Financial adviser had reported a massive 41.2 percent fall in September quarter
profit to Rs 268.5 crore, dented by lower operating income and US business.
