* http://www.marutisuzuki.com/Maruti-Suzuki-registers-highest-ever-sales-in-February-2009.aspx *
* * *Maruti Suzuki India Limited** achieved its highest ever domestic and total sales in February 2009. The company also registered the highest ever export sales. In February 2009, the company sold 70,625 units, in the domestic market, up 19.1% over corresponding month last year. The previous highest monthly domestic sales were 67,005 units, recorded last month (January 2009). In all, the company sold 79,190 vehicles in February 2009; up 24.1% over corresponding month last fiscal. The previous highest Total Sales were registered in January 2009 (71,779 units).* * * *Maruti has recorded 2nd month of highest ever sales and at a time when recession globally and slowdown in India is seen widely. In my personnel view first sign of economy recovery comes from Auto sector which is visible. 4Wheeler Auto stock topped in October 2007 while 2Wheeler Auto stock started it downtrends in early 2006. * * * *With input cost falling (Crude, Steel & Aluminium) the profitability also should improve for Auto stock in coming Quarter. As mentioned earlier Election in itself is 4th Stimulus package which would help to boost sales in the month to come also.* * * *Technical View on Maruti:* *Maruti has moved from Rs.433 in December 2008 to Rs.709 in February 2009 and a correction till Rs.640-620 would be levels to accumulate and Target of Rs.750 & above is possible. * * * * * * * * * --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en -~----------~----~----~----~------~----~------~--~---
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