Tuesday 15 September 2015

Maruti Suzuki jumps after RBI allows foreign investment under PIS

Maruti Suzuki continues to trade on a positive note on the BSE, after the RBI has allowed foreign investors to invest up to 40% of the paid up capital under the Portfolio Investment Scheme.


Maruti Suzuki
Maruti Suzuki continues to trade on a positive note on the BSE, after the RBI has allowed foreign investors to invest up to 40% of the paid up capital under the Portfolio Investment Scheme.

The stock touched an intra-day high at Rs. 4.416, and is now up 1.7% at Rs. 4,395. 

So far 13,000 shares have been traded at the counter as against the daily average volume of 35,000 shares.
The scrip opened at Rs. 4375.5 and has touched a high and low of Rs. 4419.1 and Rs. 4375.5 respectively. So far 209886 shares were traded on the counter. The current market cap of the company is Rs. 130483.46 crore.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 4692.4 on 20-Aug-2015 and a 52 week low of Rs. 2902 on 17-Oct-2014. Last one week high and low of the scrip stood at Rs. 4360 and Rs. 4077 respectively.
The promoters holding in the company stood at 56.21 % while Institutions and Non-Institutions held 36.33 % and 7.47 % respectively.
The stock is currently trading below its 50 DMA.

Meanwhile, the BSE Sensex is down 36 points at 25,821.

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