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Maruti Suzuki gains on buzz to set up plant in South Africa

05 Aug 2013 Evaluate

Maruti Suzuki is currently trading at Rs. 1344.65, up by 7.35 points or 0.55% from its previous closing of Rs. 1337.30 on the BSE.

The scrip opened at Rs. 1350.00 and has touched a high and low of Rs. 1361.00 and Rs. 1332.00 respectively. So far 19788 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. 1109.20 on 03-Aug-2012.

Last one week high and low of the scrip stood at Rs. 1390.00 and Rs. 1292.10 respectively. The current market cap of the company is Rs. 40823.10 crore.

The promoters holding in the company stood at 56.21% while Institutions and Non-Institutions held 35.10% and 8.70% respectively.

Maruti Suzuki India, country's largest car manufacturer, is reportedly planning to set up a manufacturing facility in South Africa. Further, the company is also planning to expand its plants in Gujarat and Manesar in next two years. The decision to set up the manufacturing facility in Africa may come only after these expansion completed.

At present, the company does not have a manufacturing or an assembly plant in Africa, but cars made by the company are sold there. South Africa was one of the biggest export markets for the company, so setting up a manufacturing facility there makes sense.

The company had registered a marginal rise of 1.3% in its total car sales (Domestic + Export) for the month of July at 83,299 units, as against 82,234 units in July 2012. The company’s domestic sales also rose by 5.8% in July 2013 at 75,145 units, as against 71,024 units in corresponding month last year.

Maruti Suzuki Share Price

13312.85 52.65 (0.40%)
30-Apr-2026 16:59 View Price Chart
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