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Maruti Suzuki soars on introducing ‘Ertiga Green’ CNG model

17 Jun 2013 Evaluate

Maruti Suzuki is currently trading at Rs. 1530.50, up by 15.45 points or 1.02% from its previous closing of Rs. 1515.05 on the BSE.

The scrip opened at Rs. 1524.00 and has touched a high and low of Rs. 1533.30 and Rs. 1505.00 respectively. So far 26,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1773.45 on 20-May-2013 and a 52 week low of Rs. 1065.00 on 21-Jun-2012.

Last one week high and low of the scrip stood at Rs. 1579.00 and Rs. 1431.00 respectively. The current market cap of the company is Rs. 44,217 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, country's largest car manufacturer, has launched the CNG variant of Ertiga, 7-seater utility vehicle coinciding with Environment month, June 2013. With this launch, Ertiga will now be available in all three fuel variants CNG, petrol and diesel. Ertiga Green will be available in LXi and VXi variants. Ertiga is the only factory fitted CNG vehicle in its segment. Ertiga's CNG system is fitted on the conventional assembly line. This ensures a consistently high quality as the vehicles pass through the stringent checks of the assembly line manufacturing process.

The entity’s total production for the month of May 2013 has declined by 2.54% to 101,360 units from 104,003 units in same month last year. However, the production of Mini cars like Alto, A-Star and Wagon-R has increased by 17.45% to 43,911 units from 37,386 in May 2012.

Maruti Suzuki India Share Price

13859.25 130.85 (0.95%)
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