InvestorQ : What was the reason for the 5% rally in Maruti Suzuki on 17 June?
manisha Kolvenkar made post

What was the reason for the 5% rally in Maruti Suzuki on 17 June?

Answer
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Mahima Roy answered.
3 months ago


Maruti Suzuki India rallied 5.5% on 17 June to Rs.5798 after it announced a partnership with IndusInd Bank and Karur Vysa Bank for customized flexible vehicle financing solutions. This is the key to providing support to customers who might be facing liquidity crunch and improve sales in the process. Analysts are expecting a smart recovery in the second half of the fiscal year due to pent up demand and better rural sentiment.