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We can see some consolidation around the 17030-17050 region, as 17000 CE writers might be present for now and they will try their best to not let Nifty move up much, but expecting them to panic exit today once 17050 crosses.
Maruti Suzuki is betting on biogas, flex fuel, hybrid and CNG vehicles in the country. The company will introduce its first electric vehicle offering in 2024-2025.
Nifty is stuck in a narrow range. But, Nifty holding above 17,800 after breaking it is positive. This keeps the chances high for the Nifty to break the 18,000-18,200 resistance and target 19,500-20,000.
The #Budget2023 has set the right tone for the economy with a strong focus on growth and commitment to the 4Is — Investments, Industry, Inclusiveness, and Infrastructure....
International Monetary Fund (#IMF) has said that India remains the bright spot and maintains the growth proejection at 6.1 per cent for Fiscal Year 2023-24 (FY24). It further expects #India’s growth to go up to 6.8 per cent in the Fiscal Year 2024-25 (FY25)
#MarutiSuzuki's consolidated revenue from operations also grew 25 per cent year-on-year (YoY) at ₹29,057 crore during the quarter in review, as against ₹23,253 crore in October-December 2021.