Tag: Morgan Stanley

Maruti Suzuki stock gains on bullish stance from global brokerages Shares of Maruti Suzuki India surged on Friday after global brokerages Citi and Morgan Stanley maintained bullish stance on the counter. Both brokerages cited the company's improving product mix and attractive valuation as key reasons for their optimism. In addition, Maruti Suzuki reported strong sales performance in August 2023, with total domestic sales jumping 14 percent year-on-year and sale of utility vehicles jumping 118 percent year-on-year. Overall, the bullish stance from global brokerages and the company's strong sales performance are providing a boost to Maruti Suzuki stock.

An investment advisor believes that the pharmaceutical industry has greater profitability than the IT services industry. This is due to the fact that pharmaceutical companies have higher gross margins and lower operating expenses than IT services companies. Pharmaceutical companies also have a longer product lifecycle than IT services companies. As a result, the advisor believes that pharmaceutical companies have a greater ability to generate profits and cash flow than IT services companies. This could lead to outperformance in the coming years, as investors increasingly favor companies with strong profitability and cash flow.