Product launch success key for Maruti Suzuki to sustain stock rally

A strong Q3, order book and easing chip availability situation to support sentiment

A healthy performance in the December quarter, a robust order book, and an improving situation on the semiconductor front may help sustain the rally in the stock of India’s largest carmaker Maruti Suzuki. Market share gains on the back of product launches can also act as a trigger.

The stock hit its 52-week highs on Tuesday before closing the session with gains of just under 7 per cent. While the supply of chips continues to be a headwind, the company indicated the situation in the current quarter will be better than Q3 when the production loss on account of