Maruti Suzuki India Ltd (MARUTI-532500) – I Told You Below 6000 Big Downfall, CMP 5490, Watch 510 Points Down Enjoy

In an indication that vehicle sales may remain subdued in the upcoming festival season, Maruti Suzuki India ltd – the country’s largest passenger vehicle manufacturer- will not push inventories at dealerships. This comes as most dealer partners are financially stressed and as the overall slowdown in the economy continues keep customers away from showrooms.

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ICICI BANK LTD (ICICIBANK-532174) – Net Profit of ₹1,908 crore in the April-June of FY20

ICICI Securities

Gold Silver Reports (GSR) – ICICI Bank (ICICIBANK-532174) on Saturday reported a standalone net profit of ₹1,908 crore in the April-June of FY20, against a loss of ₹120 crore in the same period last year, owing to higher net interest income (NII) and lower provisions. The bank’s profit was lower than ₹2,085 crore estimated by a Bloomberg poll of 21 analysts.

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