Maruti moves down on its plan of entering into South-East Asia and Middle East markets for Ritz
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Maruti Suzuki, the country’s largest passenger car maker is planning to export its small car Ritz to South-East Asia and the Middle East. The car comes in both petrol and diesel versions with a K-series engine, which is a Bharat Stage-IV emission norm compliant.
The scrip is currently trading at Rs 1363.25 per share, down 6.70 points or 0.49% on the BSE
The stock opened at Rs 1375 compared to its previous close of Rs 1369.95. Intraday, the counter has touched a high and a low of Rs 1386.85 and Rs 1360 respectively.
So far, 45000 shares of the company were traded on the BSE.
The stock of the face value of Rs 5 touched its 52-week high of Rs 1740 on September 30, 2009 and a 52-week low of Rs 574.10 on February 9, 2009.
The promoters holding in the company as per December 2009 quarter stood at 54.21%, FIIs held 22.82%, DII held 16.32%, while others were holding 6.65% in the company.
Since its introduction in May last year, the auto major has sold over 51,000 units of Ritz in the domestic market.
Earlier on January 27, 2010, the company sent its first shipment of 500 units of Ritz, sporting a 1.2 litre petrol engine to Indonesia. Following a positive feedback from its dealers in Indonesia, the company is planning to add new markets for its small car segment.
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