Maruti Suzuki gains on pining hopes on festive season for demand revival

23 Aug 2019

Maruti Suzuki India is currently trading at Rs. 6248.65, up by 41.70 points or 0.67% from its previous closing of Rs. 6206.95 on the BSE.

The scrip opened at Rs. 6165.00 and has touched a high and low of Rs. 6275.20 and Rs. 6041.00 respectively. So far 80394 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 9470.00 on 29-Aug-2018 and a 52 week low of Rs. 5447.00 on 31-Jul-2019.

Last one week high and low of the scrip stood at Rs. 6297.95 and Rs. 5913.00 respectively. The current market cap of the company is Rs. 188935.97 crore.

The promoters holding in the company stood at 56.21%, while Institutions and Non-Institutions held 36.61% and 7.18% respectively.

Maruti Suzuki India is pinning hopes on the festive season for a turn around in the auto industry irrespective of government help forthcoming or not. With some of the factors responsible for the slowdown in auto sales such as concern over monsoon and elections behind, the company is hopeful that revival in demand especially from rural markets and peak discounts along with new model launches will play a crucial role converting inquiries into real purchases.

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.

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Maruti Suzuki Share Price

6738.60 31.60 (0.47%) Sep 29, 18:01
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Company Name CMP
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Hindustan Motors 5.59
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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