Maruti Suzuki extends fall on production cut report; down 7% in four days

Shares of Maruti Suzuki (India) were trading lower for the fourth straight day, down 2 per cent at Rs 6,567 in intra-day trade on the National Stock Exchange (NSE). It was 4 per cent away from its 52-week low price of Rs 6,317, touched in January 28, 2019.

The stock was down 7 per cent in the past four trading days, after the emergence of a report suggesting the company cut production due to lower demand. In comparison, the Nifty Auto index was down 4 per cent, while the benchmark Nifty 50 gained 1 per cent during the same period.