With India Inc expanding its wings across the world, some of the Indian multinationals have been caught off guard by protectionist policies in the West.
But some frontline firms squarely focussed on the domestic market have not only weathered the domestic storm well but also excelled in a tough environment and rewarded stock investors.
One such stock is Maruti SuzukiBSE -0.91 %, which despite a slippage in domestic GDP growth and fragile consumer sentiment has given over 550 per cent return in last five years. This has been the best return by any Sensex company during this period.
“In a world where everybody wants to be global and they think the only way to grow is to look outside, Maruti operates as a counter example. It is focused on India and says we are an Indian automobile company, we know this market really well and we are going to play to our advantages,” said Aswath Damodaran, Professor of corporate finance and valuation at Stern School of Business, New York University.
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