Maruti Suzuki jumps higher on the BSE

Maruti Suzuki is currently trading at Rs. 1344.00, up by 31.40 points or 2.39% from its previous closing of Rs. 1312.60 on the BSE.

The scrip opened at Rs. 1329.95 and has touched a high and low of Rs. 1344.40 and Rs. 1310.00 respectively. So far 21713 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1428.20 on 16-Mar-2012 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. 1345.00 and Rs. 1262.10 respectively. The current market cap of the company is Rs. 38709.61 crore.

The promoters holding in the company stood at 54.21% while Institutions and Non-Institutions held 37.25% and 8.54% respectively.

Maruti Suzuki India, country’s largest vehicle maker is likely to employ about 500 workers in this fiscal for the second unit at Manesar facility, which was operationalised last year.

The company will hire people of different verticals like technicians, diploma engineer trainees and laterals for the second unit. It has started wage negotiations for a three-year period with its workers at the Gurgaon facility, while the same for the Manesar plant employees is likely to start within next 2 to 3 weeks.

At the Manesar facility, the company is planning to invest over Rs 3,625 crore to set up two new plants with 2.5 lakh annual capacities each. While the second unit was opened last year, the third one is scheduled to be operational in 2012-13.