Maruti Suzuki India Ltd.

BSE: 532500 | NSE: MARUTI
Large Cap | Automobiles - Passenger Cars
14081.40
-119.30 (-0.84%)
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Maruti Suzuki rises on plan to add around 323 more dealership outlets

Date: 22-04-2016

Maruti Suzuki India is currently trading at Rs 3811.15, up by 107.55 points or 2.90% from its previous closing of Rs 3703.60 on the BSE.

The scrip opened at Rs. 3693.10 and has touched a high and low of Rs. 3832.95 and Rs. 3685.05 respectively. So far 76884 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 4789.00 on 23-Nov-2015 and a 52 week low of Rs. 3202.10 on 29-Feb-2016.

Last one week high and low of the scrip stood at Rs. 3832.95 and Rs. 3654.20 respectively. The current market cap of the company is Rs. 115092.50 crore.

The promoters holding in the company stood at 56.21% while Institutions and Non-Institutions held 37.09% and 6.70% respectively.

Maruti Suzuki India is planning to add around 323 more dealership outlets including 123 Nexa showrooms, which is catering to premium segment of the passenger car market. The company is expected to continue its low double digit growth during the current financial year. The company has sold around 70,000 cars in the Nexa channel in six months and it has been able to create that delight among the customers.

Currently, the total outlets of the company are around 1,800 across the country. It will be adding another 200 to this.

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.