Maruti Suzuki plunges over 5% - The New Indian Express

Maruti Suzuki plunges over 5%

Published: 28th February 2014 01:19 PM

Last Updated: 28th February 2014 01:19 PM

Maruti Suzuki India, the largest passenger cars maker in India, plunged on Friday after the company clarified regarding its board decision on the proposed Gujarat project.

The company had announced that it was planning to implement the expansion project in Gujarat through a 100% subsidiary of Suzuki Motor Corporation (SMC).Shares ofthe companyare trading at Rs 1,575.70, down Rs 86, or 5.18% at the Bombay Stock Exchange (BSE) on Friday at 12 noon.The scrip has touched an intra-day high of Rs 1,665 and low of Rs 1,573. The total volume of shares traded at the BSE is 120,407.In the earlier session, the shares lost 0.85%, or Rs 14.25, at Rs 1,661.70. Currently, the stock is trading down 15.47% from its 52-week high of Rs 1,864 and above 29.47% over the 52-week low of Rs 1,217.

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