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Maruti Suzuki jumps on getting nod for amalgamation of seven wholly owned subsidiaries with itself

26 Apr 2013 Evaluate

Maruti Suzuki is currently trading at Rs. 1672.30, up by 82.55 points or 5.19% from its previous closing of Rs. 1589.75 on the BSE.

The scrip opened at Rs. 1594.90 and has touched a high and low of Rs. 1690.40 and Rs. 1567.65 respectively. So far 517622 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1690.40 on 26-Feb-2013 and a 52 week low of Rs. 1052.00 on 04-Jun-2012.

Last one week high and low of the scrip stood at Rs. 1598.00 and Rs. 1515.00 respectively. The current market cap of the company is Rs. 50001.80 crore.

The promoters holding in the company stood at 56.21% while Institutions and Non-Institutions held 34.96% and 8.83% respectively.

Maruti Suzuki India has received an approval for amalgamation of seven wholly owned subsidiaries with itself. The seven wholly-owned subsidiaries are Maruti Insurance Business Agency, Maruti Insurance Agency Services, Maruti Insurance Distribution Services, Maruti Insurance Agency Logistics, Maruti Insurance Agency Solutions, Maruti Insurance Agency Network and Maruti Insurance Broker.

The board of company at its meeting held on April 26, 2013 has approved for the same

Maruti Suzuki India registered a surge of over 10% in its car sales for the month of March at 1.2 lakh units as against 1.09 lakh units in February 2013.

 

Maruti Suzuki Share Price

13046.95 -112.40 (-0.85%)
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