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06-Dec2012

Maruti Suzuki gains on plans to increase vehicles prices

Maruti Suzuki is currently trading at Rs. 1483.15, up by 8.35 points or 0.57% from its previous closing of Rs. 1474.80 on the BSE.

The scrip opened at Rs. 1480.00 and has touched a high and low of Rs. 1485.00 and Rs. 1459.60 respectively. So far 19887 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1514.95 on 22-Nov-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. 1504.00 and Rs. 1459.60 respectively. The current market cap of the company is Rs. 42729.80 crore.

The promoters holding in the company stood at 54.21% while Institutions and Non-Institutions held 36.60% and 9.19% respectively.

Maruti Suzuki (MSI), country's largest car maker India today has decided to increase prices of its vehicles across all models by up to Rs 20,000 from January considering pressure on its margins due to currency fluctuation. During the July-September period this fiscal, adverse foreign exchange movement had an overall impact of Rs 350 crore on the company.

The company has reported 12.45% increase in its total sales at 1,03,200 units. Its domestic sales grew by 9.67% to 90,882 units compared to 82,870 units in the year-ago month. MSI's exports went up by 38.37% to 12,318 units last month from 8,902 units in the year-ago period.


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