Maruti Suzuki surges on inking pact with HSBC India
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Maruti Suzuki is currently trading at Rs. 11451.05, up by 143.80 points or 1.27% from its previous closing of Rs. 11307.25 on the BSE.
The scrip opened at Rs. 11310.70 and has touched a high and low of Rs. 11474.60 and Rs. 11310.00 respectively. So far 766 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 13675.00 on 01-Aug-2024 and a 52 week low of Rs. 9738.40 on 18-Jan-2024.
Last one week high and low of the scrip stood at Rs. 11500.90 and Rs. 10860.00 respectively. The current market cap of the company is Rs. 355502.85 crore.
The promoters holding in the company stood at 58.19%, while Institutions and Non-Institutions held 38.50% and 3.31% respectively.
Maruti Suzuki India has inked a pact with Hongkong and Shanghai Banking Corporation India (HSBC India) for inventory funding. The partnership will empower over 4,000 company sales outlets across the country, with comprehensive inventory funding options for their working capital requirements. This strategic alliance will leverage the combined strengths of the automaker and HSBC India to offer comprehensive working capital solutions for dealer partners.
Maruti Suzuki India 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.
