Maruti Suzuki gains on looking at CNG to fill space vacated by small diesel engine cars

27 Aug 2019

Maruti Suzuki India is currently trading at Rs. 6290.45, up by 36.90 points or 0.59% from its previous closing of Rs. 6253.55 on the BSE.

The scrip opened at Rs. 6272.00 and has touched a high and low of Rs. 6324.55 and Rs. 6259.65 respectively. So far 12939 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. 6464.30 and Rs. 6041.00 respectively. The current market cap of the company is Rs. 188907.28 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 looking at CNG option to fill in the space vacated by small diesel engine cars in future. In April 2019, the company had announced that it would stop selling diesel cars from April 2020, when BS-VI is implemented in the domestic market, citing feasibility issues after cost escalation due to the new emission norms. At the time of announcement around 23 percent of all the units sold by the company in the domestic market were diesel cars.

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

7124.30 -90.95 (-1.26%) Mar 03, 18:59
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Company Name CMP
Maruti Suzuki 7124.30
Mahindra & Mahindra 852.20
Hindustan Motors 7.36
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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