Maruti Suzuki India Ltd.

Maruti Suzuki is currently trading at Rs. 1179.10, up by 2.05 points or 0.17% from its previous closing of Rs. 1177.05 on the BSE.

The scrip opened at Rs. 1190.00 and has touched a high and low of Rs. 1195.30 and Rs. 1176.80 respectively. So far 29589 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. 1198.70 and Rs. 1165.90 respectively. The current market cap of the company is Rs. 34206.95 crore.

The promoters holding in the company stood at 54.21% while Institutions and Non-Institutions held 36.71% and 9.08% respectively.  

The country’s largest passenger carmaker, Maruti Suzuki, has resumed operation at its Manesar plant amid heavy security. Haryana Police has provided 500 personnel, out of which 200 are inside the plant and 300 in areas around the facility. Besides, the company has also formed its own special force numbering 100, which includes ex-service men.

The company declared a lock-out at its Manesar plant facility following the labor violence, which took place on July 18, 2012. 

The plant was closed for more than a month, costing the company tens of millions of dollars in lost output. The company has issued termination of services of 500 regular workers, who were allegedly involved in the July 18 violent incidents which led to the death of a senior MSI executive.

The company is planning to end the process of employing contract labor and start the process of direct hiring. The schedule of recruitment has been communicated to all the existing contract workers through the contract agencies and recruitment would start from September 2.