Maruti Suzuki India Ltd.

BSE: 532500 | NSE: MARUTI
Large Cap | Automobiles - Passenger Cars
15015.00
235.40 (1.59%)
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Maruti Suzuki gains on planning to use cash reserves of Rs 30,000 crore

Date: 04-04-2019

Maruti Suzuki India is currently trading at Rs. 7122.60, up by 48.50 points or 0.69% from its previous closing of Rs. 7074.10 on the BSE.

The scrip opened at Rs. 7101.00 and has touched a high and low of Rs. 7161.60 and Rs. 7094.00 respectively. So far 40493 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 9922.85 on 24-Jul-2018 and a 52 week low of Rs. 6324.35 on 28-Jan-2019.

Last one week high and low of the scrip stood at Rs. 7161.60 and Rs. 6570.00 respectively. The current market cap of the company is Rs. 214748.71 crore.

The promoters holding in the company stood at 56.21%, while Institutions and Non-Institutions held 36.10% and 7.69% respectively.

Maruti Suzuki India is planning to use its cash reserves of more than Rs 30,000 crore to absorb the bulk of capital costs of its dealers. The move is aimed at maintaining the company’s top position in the fastest-growing major car market in the world.

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.