The narrowing of the gap between diesel and petrol prices, the December 2015 ruling by the Supreme Court banning registration of luxury diesel cars in the National Capital Region, and the NGT's order in April 2015 seeking a ban on diesel vehicles over 10 years old, have all contributed to the negative sentiment against diesel vehicles in general
Despite a strong session on Thursday, the SGX Nifty is indicating a weak opening for the market. Sensex yesterday rallied over 300 points to move closer to the 26,000 mark. Nifty, as well, soared past the 7,800 level.
Initially, the Gujarat plant was proposed to be owned by Maruti Suzuki but the plan was changed later with its Japanese parent Suzuki Motor Corporation announcing in January last year that it would invest USD 488 million to build the plant.
To tackle the Delhi pollution menace, the Supreme Court (SC) is looking at a multipronged strategy.
Rajat Bose of rajatkbose.com recommends buying Maruti Suzuki with a target of Rs 4705.
Hemen Kapadia of KR Choksey Securities recommends buying Bata India with a target of Rs 480 and Siemens with a target of Rs 1173.