The shares of Maruti Suzuki fell as much as 3.52% to Rs 14,353 apiece on Thursday, highest level since Aug. 25. It pared losses to trade 2.29% lower at Rs 14,536 apiece, as of 9:39 a.m. This compares to a 0.48% advance in the NSE Nifty 50 Index.
It has fallen 20.64% in the last 12 months and 13.50% year-to-date. Total traded volume so far in the day stood at 1.97 times its 30-day average and 0.37 times its 20-day average. The relative strength index was at 45.97.
Out of 49 analysts tracking the company, 39 maintain a ‘buy’ rating, eight recommend a ‘hold,’ and two suggest ‘sell,’ according to Bloomberg data. The average 12-month consensus price target stands at Rs 17,596 indicating an upside of 21.2%.
