Maruti Suzuki surge as FIIs increase stake in Q4FY14

Maruti Suzuki India is currently trading at Rs 1989.00, up by 42.70 points or 2.19% from its previous closing of Rs. 1946.30 on the BSE. The scrip opened at Rs 1955.00 and has touched a high and low of Rs. 1999.30 and Rs 1955.00 respectively. So far 26692 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1999.30 on 21-Apr-2014 and a 52 week low of Rs. 1217.00 on 28-Aug-2013. Last one week high and low of the scrip stood at Rs 1963.00 and Rs 1906.05 respectively. The current market cap of the company is Rs 60091.28 crore. The promoters holding in the company stood at 56.21% while Institutions and Non-Institutions held 35.96% and 7.83% respectively. Foreign Institutional Investors (FIIs) have raised their stake in Maruti Suzuki India, the largest passenger cars maker in India to 22.36% during Q4FY14 from 21.47% as on December 31, 2013. On the other hand, domestic institutional investors’ (DIIs) shareholding went down to 13.60% at the end of March 2014 quarter from 13.98% as on December 31, 2013. Under DIIs, financial institutions / banks held maximum stake of 7.78%, followed by mutual funds/UTI (5.82% stake). Meanwhile, promoter and promoter group shareholding was unchanged at 56.21% at the end of March 2014 quarter.