Maruti gains 1.5%; to invest Rs.15,000 cr on expanding sales-n-service network

The auto company will invest Rs. 15,000 crore over the next five years in procuring land for doubling its dealership network and expanding stockyard, warehouse & transportation infrastructure, Chairman R C Bhargava.

Maruti Suzuki has gained 1.5% to Rs. 4,650 on BSE. The auto company will invest Rs. 15,000 crore over the next five years in procuring land for doubling its dealership network and expanding stockyard, warehouse & transportation infrastructure, Chairman R C Bhargava.

The company is also looking to double its annual sales volume from the current 1.1 million units to 2 million units by 2020.

The scrip opened at Rs. 4580 and has touched a high and low of Rs. 4660 and Rs. 4580 respectively. So far 5,26,177 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 138355.66 crore.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 4789 on 23-Nov-2015 and a 52 week low of Rs. 3250 on 17-Dec-2014. Last one week high and low of the scrip stood at Rs. 4789 and Rs. 4561.15 respectively.

The promoters holding in the company stood at 56.21 % while Institutions and Non-Institutions held 36.52 % and 7.28 % respectively.

The stock is currently trading below its 50 DMA.