SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Maruti Suzuki surges on the buzz to re-enter into insurance broking business

04 Apr 2012 Evaluate

Maruti Suzuki is currently trading at Rs. 1333.70, up by 25.20 points or 1.93% from its previous closing of Rs. 1308.50 on the BSE.

The scrip opened at Rs. 1313.00 and has touched a high and low of Rs. 1337.00 and Rs. 1312.00 respectively. So far 29123 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1428.20 on 16-Mar-2012 and a 52 week low of Rs. 905.55 on 19-Dec-2011.

Last one week high and low of the scrip stood at Rs. 1364.95 and Rs. 1,265.00 respectively. The current market cap of the company is Rs. 38345.59 crore.

The promoters holding in the company stood at 54.21% while Institutions and Non-Institutions held 36.73% and 9.06% respectively.

Country’s largest car maker- Maruti Suzuki (India) - after being bared for two years from selling vehicle insurance policies - is all set to re-enter the insurance broking business with a license from regulator as mentioned in some media report.

Maruti had been selling motor insurance under the Maruti Insurance brand since 2002 until it was barred by the Insurance Regulatory and Development Authority (IRDA) in March 2010 for allegedly violating foreign investment norms. Local rules restrict foreign companies from holding more than 26% in an insurance venture.

With parent Suzuki Motor holding an at least 55% stake in Maruti, the latter will not be able to hold a 74% stake because of its overseas partner’s indirect holding. Maruti, to adhere to the guidelines set by the regulator this time around will set up a separate company with separate infrastructure.

Meanwhile, the company sold a total of 125,952 vehicles in the month of March 2012, up by 3.3% as compared to 121,952 vehicles in March 2011. This includes 13,228 units of exports during the month, registering 14.7% increase.

Maruti Suzuki Share Price

13452.25 118.30 (0.89%)
17-Apr-2026 16:59 View Price Chart
Peers

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×