Maruti Suzuki India moves up on lining up Rs 5,000 crore capex for current fiscal
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Maruti Suzuki India is currently trading at Rs. 7316.95, up by 63.05 points or 0.87% from its previous closing of Rs. 7253.90 on the BSE.
The scrip opened at Rs. 7286.00 and has touched a high and low of Rs. 7357.20 and Rs. 7254.00 respectively. So far 4074 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 9022.00 on 10-Feb-2022 and a 52 week low of Rs. 6540.00 on 08-Mar-2022.
Last one week high and low of the scrip stood at Rs. 7562.15 and Rs. 7062.65 respectively. The current market cap of the company is Rs. 221343.12 crore.
The promoters holding in the company stood at 56.37%, while Institutions and Non-Institutions held 38.82% and 4.81% respectively.
Maruti Suzuki India has lined up Rs 5,000 crore capex for various initiatives, including new product launches, for the current financial year. The company, which had earmarked around Rs 4,500 crore in FY22, also believes that parent Suzuki Motor Corp's investment in Gujarat would help in expanding its battery electric vehicles (BEV) range in the country. It would manage the capex through internal accruals.
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
