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Maruti Suzuki To Proactively Recall 5900 Super Carry Vehicles
With customer safety as its top priority, Maruti Suzuki India announced to proactively and voluntarily undertake a recall campaign for certain Super Carry vehicles. "Recall campaigns are undertaken globally to rectify faults that may be potential safety defects."
The company said it would inspect a possible defect in fuel filter of 5900 Super Carry vehicles manufactured between 26th April 2018 and 1st August 2018. This also include vehicles in which fuel filter has been replaced in field during this period.
UST IN | Bank of Baroda will be seeking shareholder nod for issuing 10 crore fresh shares to employees and directors on January 21.
Lupin shares slipped nearly 2 percent in morning on Wednesday after global brokerage house PhillipCapital has reiterated sell call on the stock with a target price at Rs 670, implying 20 percent potential downside.
The research house expects company's Q3FY19 earnings to remain weak and estimates 22 percent YoY decline in earnings.
"Growth challenges in US on price erosion & competition is a concern while key plants are under warning letter & will impact approval rate for near future," PhillipCapital said.
The pharma major had reported a massive 41.2 percent fall in September quarter profit to Rs 268.5 crore, dented by lower operating income and US business.
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