Maruti Suzuki slips 2%, hits over two-year low amid earnings concerns

In the past three months, MSIL has underperformed the market by falling 22 per cent, as compared to 1 per cent decline in the S&P BSE Sensex

Shares of Maruti Suzuki India (MSIL) hit an over two-year low of Rs 5,790, down 2 per cent, in intra-day trade on Friday. The passenger vehicle company's stock has slipped 6 per cent in the past three trading days on the BSE, on concerns of weak earnings amid a low volume in the April-June quarter (Q1FY20), and is trading at its lowest level since January 25, 2017, when it touched Rs 5,718 in intra-day deal.

In the past three months, MSIL has underperformed the market by falling 22 per cent, as compared to 1 per cent decline in the S&P