Maruti: A good short term opportunity setting up

Hello,

Maruti Suzuki India Ltd, a subsidiary of Suzuki Motor Corp. The company is engaged in the manufacturing, purchase, and sale of motor vehicles, components, and spare parts. Its other activities include the facilitation of pre-owned car sales, fleet management, and car financing.

Maruti stock is trading at a very great point from a technical perspective & fundamental. Maruti Suzuki has said its first battery-electric vehicle, the E Vitara, will be exported to more than 100 countries, including Japan and Europe, from India. Investors are focusing on any updates on EV-related initiatives by the carmaker.

While the third-quarter net profit margin declined to 9.6% from 9.8% a year earlier due to higher promotional expenses Investors will be closely monitoring margin trends as automakers globally are dealing with relatively high inflation. Maruti Suzuki raised its car prices earlier this month due to rising costs and operational expenses. Investors will be paying attention to the pace of export growth.

While the electric car business is facing challenges as more manufacturers are beginning to believe they might not be able to compete with companies such as Tesla, we believe that Maruti Suzuki will continue to be a top manufacturer in its areas of operation. The companies are now choosing to switch to manufacture of hybrid vehicles than electric vehicles.

The MACD & Moving averages also point to a strong company that is at a good place to consider buying. We place a target of INR 13,800 on the stock with the entry near the shown support.

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This is my personal trading journal, where I share insights and ideas. At times, I take trades outside ideal conditions to test strategies. Use this as inspiration but always perform your own analysis before making trading. Goodluck!