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Maruti Suzuki India gains on planning to drive in CNG trims across product range

Maruti Suzuki India gains on planning to drive in CNG trims across product range

Maruti Suzuki India is currently trading at Rs. 7502.60, up by 25.05 points or 0.34% from its previous closing of Rs. 7477.55 on the BSE.

Maruti Suzuki India

The scrip opened at Rs. 7488.00 and has touched a high and low of Rs. 7577.15 and Rs. 7465.90 respectively. So far 4708 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 5 has touched a 52 week high of Rs. 8400.00 on 13-Jan-2021 and a 52 week low of Rs. 6301.20 on 24-Feb-2021.

Last one week high and low of the scrip stood at Rs. 7881.00 and Rs. 7438.90 respectively. The current market cap of the company is Rs. 226862.13 crore.

The promoters holding in the company stood at 56.37%, while Institutions and Non-Institutions held 38.50% and 5.13% respectively.

Maruti Suzuki India (MSI) is planning to drive in CNG trims across its product range as it remains bullish over the long-term prospects of the segment amid an increase in fuel prices and a drop in diesel car sales.

The company, which sold around 1.62 lakh CNG cars last fiscal year, is also counting on the rapid expansion of CNG dispensing outlets across the country to bring in more CNG products. Bullish on the expansion of the sales network, the automaker expects its CNG car sales to almost double this fiscal year over 2020-21.

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.