 "Maruti shares skid on poor Q4 numbers")
Maruti Suzuki is trading weak on the bourses after reporting poor set of numbers in the fourth quarter. The stock is trading at Rs 1935, weaker by Rs 44 or 2.3%, on the BSE.
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Maruti Suzuki reported a 35.5% decline in fourth-quarter profit, missing estimates, as potential car buyers postponed their purchases and waited for a slowing economy to pick up. The profit for the Jan-March quarter was Rs 800 crore compared to Rs 1,240 crore in same year-ago period.
The shares had opened at the day's highs of Rs 1999 and have touched a low of Rs 1918 thus far.