Maruti Suzuki India hits three-week low

Reuters Updated - April 24, 2019 at 11:12 AM.

The shares were down 5.6 per cent this year as of last close

Maruti Suzuki India Limited. File photo

Shares of top-selling car maker Maruti Suzuki India Ltd fall as much as 1.76 per cent to ₹6,925.

The stocks broke below a support at Rs 7,012.1.

This suggests that in the near term, the stock may test the next support at Rs. 6,687.1.

The stock also broke below its 50-day exponential moving average(EMA), it earlier faced strong resistance at its 200-day EMA

The shares were down 5.6 per cent this year as of last close, while the Nifty is up 6.6 per cent in the same period.

Published on April 24, 2019 05:38