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Maruti Suzuki gains on Rs 4,500 crore capex plan for FY18

28 Apr 2017 Evaluate

Maruti Suzuki India is currently trading at Rs. 6456.00, up by 84.85 points or 1.33% from its previous closing of Rs. 6371.15 on the BSE.

The scrip opened at Rs. 6400.00 and has touched a high and low of Rs. 6469.50 and Rs. 6400.00 respectively. So far 18840 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 6,470.00 on 28-Apr-2017 and a 52 week low of Rs. 3730.00 on 29-Apr-2016.

Last one week high and low of the scrip stood at Rs. 6,470.00 and Rs. 6,200.00 respectively. The current market cap of the company is Rs. 194888.46 crore.

The promoters holding in the company stood at 56.21%, while Institutions and Non-Institutions held 36.82% and 6.98% respectively.

Maruti Suzuki India has earmarked Rs 4,500 crore capital expenditure (capex) for the current financial year, as compared to Rs 3,500 crore capex for the previous financial year that ended on March 31.

The company will spend the said amount on various activities including replacement of machinery, R&D and marketing initiatives. On R&D alone, the company is planning to invest in the range of Rs 700-1,000 crore. Some portion of the capex could also go towards the acquisition of land for expansion of sales and service network.

Maruti Suzuki India (formerly known as Maruti Udyog) is an automobile manufacturer in India. It provides passenger cars, utility vehicles and vans. The firm also offers pre-owned car sales, fleet management and car financing services.

Maruti Suzuki Share Price

13458.30 12.35 (0.09%)
21-Apr-2026 16:59 View Price Chart
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