Saturday , October 23 2021

Maruti Suzuki India inches up on BSE

Maruti Suzuki India is currently trading at Rs. 6554.40, up by 2.20 points or 0.03% from its previous closing of Rs. 6542.00 on the BSE.

The scrip opened at Rs. 6550.00 and has touched a high and low of Rs. 6570.00 and Rs. 6528.20 respectively. So far 9271 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 5 has touched a 52 week high of Rs. 9922.85 on 24-Jul-2018 and a 52 week low of Rs. 6324.35 on 28-Jan-2019.

Last one week high and low of the scrip stood at Rs. 6600.00 and Rs. 6488.00 respectively. The current market cap of the company is Rs. 198076.92 crore.

The promoters holding in the company stood at 56.21%, while Institutions and Non-Institutions held 35.71% and 8.09% respectively.

The Competition Commission of India (CCI) has ordered a detailed probe against Maruti Suzuki for alleged resale price maintenance arrangement with dealers. Generally, resale price maintenance refers to an arrangement between a buyer and seller wherein the resale price is stipulated by the seller.

The allegations prima-facie reveal a fit case for investigation in respect of the alleged resale price maintenance arrangement put in place by Maruti Suzuki upon its dealers in contravention of competition norms.

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.

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