2 weeks ago

EV-Themed Stocks May Shift Sentiment Around Maruti Suzuki Counter

EV-Themed Stocks May Shift Sentiment Around Maruti Suzuki Counter
How EV themed stocks could impact sentiment on Maruti Suzuki counter · businesstoday.in

Maruti Suzuki’s share price has mostly moved up and down within a limited range.

An analyst named Jain expects this pattern to continue for some time.

He says Rs 12,000 may act as support for the stock.

He sees Rs 14,500 as an important resistance level.

This means the price could struggle to move much higher unless it breaks out of the range.

Investors are showing more interest in newer companies and electric-vehicle-related stocks.

These stocks have already delivered strong returns, according to Jain.

Investors must decide whether to keep Maruti for stability or switch to stocks with more growth potential.

Key facts

Current outlook
Maruti Suzuki is expected to remain in a consolidation or range-bound phase.
Period of narrow trading
About 18 months.
Key support
Rs 12,000, supported by the weekly 200-day moving average, according to Jain.
Major resistance
Rs 14,500.
Market preference
Investors are increasingly pursuing new-age and EV-related stocks.
Potential investor action
Long-term investors seeking trend-driven returns may consider switching from Maruti Suzuki to another stock.

Quotes

Jain

Market analyst providing an outlook on Maruti Suzuki and auto-sector investment preferences

“If for trending stocks you want to see even from next two to three years perspective or four years perspective, so you can make that switch from Maruti to some other name”
businesstoday.in

Sources

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