 "Is the upmove in Maruti sustainable?")
The changes, aimed at making the deal more tenable, include removal of mark-ups on cars sold by Suzuki to Maruti. Also, the company will seek minority shareholders’ approval and execute the plan only after assent from three-fourths of them.
This climb down triggered a rally in the company stock on the BSE and NSE right at the start of the trading session.
Also Read
At 0930 hrs, the stock rallied 9% to Rs 1,900, also its record high on the BSE. But is this upmove sustainable?
Technical analyst Ravi Nathani shares his view on the stock and markets in general.
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