{"id":111099,"date":"2023-10-04T11:27:04","date_gmt":"2023-10-04T05:57:04","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=111099"},"modified":"2023-10-04T11:27:10","modified_gmt":"2023-10-04T05:57:10","slug":"auto-stock-falls-2-after-company-receives-tax-notice-of-2159-cr-and-decline-in-production","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/auto-stock-falls-2-after-company-receives-tax-notice-of-2159-cr-and-decline-in-production\/","title":{"rendered":"Auto stock falls 2% after company receives tax notice of \u20b9 2159 Cr and decline in production"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-967727058\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of this car manufacturing company lost 1.88 percent after the company received Rs. 2160 crore draft assessment income tax order, and production decline news.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-763809688\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 10.33, 4th October shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/MARUTI\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Maruti Suzuki Ltd.<\/a><\/strong> were trading at Rs. 10,152.70 per share down by 1.88 percent from previous close price of Rs. 10,346 per share.\u00a0<\/p><p>Such downfall in stock price is observed after the company received Rs. 2160 crore draft assessment income tax order. Moreover, the company has declined the production by 1.4 percent to 174,978 units from 177,468 units compared to September 2022. Last month the production of entry level cars Alto and S-presso declined by 70 percent to 10,705 units from 35,887 units a year ago. Last month total car production dropped by 21 percent to 1,03,858 units last month from 131,258 units last year in the same month.&nbsp;<\/p><p>Looking at the financial statements, the company&#8217;s revenue increased by 21.98 percent to 32,338 crores in Q1FY24 from 26,511 crores in Q1FY23. In the same time period net profit increased by 143.7 percent to 2,525 crores from 1,036 crores.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3923430300\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Talking about the financial ratios, the company reported return on equity (ROE) of 14.02 percent and return on capital employed (ROCE) of 17.7 percent in the last financial year.&nbsp;<\/p><p>Maruti Suzuki Ltd is the largest passenger car manufacturer in India. The company has more than 40 percent market share in India&#8217;s passenger car market. They have 17 different models out of which Maruti suzuki swift and Maruti suzuki baleno are amongst the top selling models.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Vinit Israni&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-975118058\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of this car manufacturing company lost 1.88 percent after the company received Rs. 2160 crore draft assessment income tax order, and production decline news.&nbsp; At 10.33, 4th October shares of Maruti Suzuki Ltd. were trading at Rs. 10,152.70 per share down by 1.88 percent from previous close price of Rs. 10,346 per share.\u00a0 Such [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":104919,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[12744,9367,948,936,12745],"class_list":["post-111099","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-maruti-suzuki-latest-news","tag-maruti-suzuki-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-maruti-suzuki-share-falling"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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