Stocks to buy this Diwali 2018

Way2wealth | Nov. 6, 2018, 1:12 p.m.

Maruti Suzuki India Ltd.

While the full impact of higher fuel prices, insurance cost, and interest rates would be visible in H2FY19, profitability may remain muted over the next 2 quarters owing to higher discounts, adverse impact of foreign exchange and higher steel prices. However, MSIL’s performance would return to growth path in FY20 owing to normalization of demand, continued mix improvement, lower foreign exchange exposure due to shift in royalty payment to INR and import substitution, increased localization at Gujarat plant and operating leverage.

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