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Maruti Suzuki India drops after announcing price hike
10-Jan-19   15:20 Hrs IST

The announcement was made during trading hours today, 10 January 2019.

Meanwhile, the S&P BSE Sensex was down 135.24 points, or 0.37% to 36,077.67

On the BSE, 39,000 shares were traded in the counter so far compared with average daily volumes of 58,000 shares in the past two weeks. The stock had hit a high of Rs 7,502.05 and a low of Rs 7,220 so far during the day. The stock hit a 52-week high of Rs 9,922.85 on 24 July 2018. The stock hit a 52-week low of Rs 6,501.65 on 26 October 2018.

Maruti Suzuki India's net profit fell 9.8% to Rs 2240.40 crore on 0.5% increase in net sales to Rs 21551.90 crore in Q2 September 2018 over Q2 September 2017.

Maruti Suzuki India today announced a price change for select models owing to increase in commodity prices and foreign exchange rates etc. The price change varies across models and ranges upto Rs 10000 (Ex-Showroom - Delhi). The new prices are effective from 10 January 2019.

Maruti Suzuki India is India's biggest car maker in terms of market share. Japanese parent Suzuki Motor Corporation currently holds 56.206% stake in Maruti Suzuki India (as per the shareholding pattern as on 30 September 2018).

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