Maruti Suzuki India Ltd.

Maruti Suzuki India is currently trading at Rs 1177.50, up by 19.90 points or 1.72% from its previous closing of Rs 1157.60 on the BSE.

The scrip opened at Rs 1155.00 and has touched a high and low of Rs 1177.50 and Rs 1143.00 respectively. So far 74,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 5 has touched a 52 week high of Rs 1345.00 on 03-Mar-2011 and a 52 week low of Rs 905.55 on 19-Dec-2011.

Last one week high and low of the scrip stood at Rs 1183.80and Rs 1070.00 respectively. The current market cap of the company is Rs 33221.77 crore.

The promoters holding in the company stood at 54.21% while Institutions and Non-Institutions held 36.73% and 9.06% respectively.

Maruti Suzuki India, country’s largest car maker is planning to set up an Automotive Skill Development Institute (ASDI) for imparting technical training. This initiative will help the company and its competitor’s as automobile industry will get ready-to-employ skilled manpower.

The company has kept qualification for joining the course very low, even school drop outs are eligible to join up. The company also appears to go beyond mere technical training in that the students will also be trained ‘in proper value systems of work culture and team work'.

It had explored the possibility of establishing ASDI with the objective of providing technical training to those with at least school-level education so as to make them employable on the shop floor as well as in service workshops. On successful completion of the course, the trainees will be absorbed at the service networks of the company and in its manufacturing facilities depending on its manpower needs.