Maruti Suzuki India Ltd.

Maruti Suzuki is currently trading at Rs. 1550.45, up by 24.65 points or 1.62 % from its previous closing of Rs. 1525.80 on the BSE.

The scrip opened at Rs. 1505.00 and has touched a high and low of Rs. 1555.00 and Rs. 1505.00 respectively. So far 46345 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1773.45 on 20-May-2013 and a 52 week low of Rs. 1065.00 on 21-Jun-2012.

Last one week high and low of the scrip stood at Rs. 1551.35 and Rs. 1472.80 respectively. The current market cap of the company is Rs. 46822.41 crore.

The promoters holding in the company stood at 56.21 % while Institutions and Non-Institutions held 34.96 % and 8.83 % respectively.

Maruti Suzuki India, country's largest car manufacturer, has decided to embark on its biggest-ever localization drive for component sourcing, in order to keep costs under check. Earlier, component vendors working for Maruti Suzuki have had to use steel and machine tools imported from Japan for making auto parts, which kept costs high for the car market leader.

The entity was not affected by these imports earlier, but now, with the depreciating rupee, Maruti Suzuki has been forced to go for localization.