Maruti Suzuki India rides high after its parent company signs MoU with State of Gujarat
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Maruti Suzuki India is currently trading at Rs. 7847.85, up by 156.20 points or 2.03% from its previous closing of Rs. 7691.65 on the BSE.
The scrip opened at Rs. 7880.00 and has touched a high and low of Rs. 7937.45 and Rs. 7790.80 respectively. So far 40491 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. 6400.00 on 03-May-2021.
Last one week high and low of the scrip stood at Rs. 7937.45 and Rs. 7009.60 respectively. The current market cap of the company is Rs. 237656.96 crore.
The promoters holding in the company stood at 56.37%, while Institutions and Non-Institutions held 38.89% and 4.74% respectively.
Maruti Suzuki India’s parent organization -- Suzuki Motor Corporation (SMC) has signed Memorandum of Understanding (MoU) with the State of Gujarat, India to invest around 150 billion yen (around 104.4 billion rupees) for local manufacturing of electric vehicles (BEV) and BEV batteries. Outline of MOUs are Suzuki Motor Gujarat (SMG) will increase production capacity for BEV manufacturing with investment of Rs 31 billion by 2025 and construction plant for BEV batteries (land neighboring to SMG) with Rs 73 billion by 2026 and Maruti Suzuki Toyotsu India (MSTI) will construction vehicle recycling plant with Rs 45 crore by 2025.
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.
