Maruti Suzuki down over 7% in two sessions after production cut

Maruti Suzuki India fell 4.82% to Rs 6,058.15 at 12:19 IST on BSE after the company cut production in June.

Meanwhile, S&P BSE Sensex was down 602.92 points or 1.53% at 38,910.47.

On BSE, 41,000 shares were traded in Maruti Suzuki India counter, compared to a 2-week average of 45,000 shares. The share price hit an intraday high of Rs 6,287 and a 52-week low of Rs 6,039.90 today. It hit a 52-week high of Rs 9,922.85 on 24 July 2018.

Maruti Suzuki India announced that it reduced its production by 15.61% to 1.11 lakh units in June 2019 over June 2018. The announcement was made during trading hours on Friday, 5 July 2019. The stock fell 2.71% to Rs 6,364.75 on Friday. It has fallen 7.40% in two trading sessions from its close of Rs 6,542 on 4 July 2019.

 

Maruti Suzuki India's net profit fell 4.6% to Rs 1,795.60 crore on a 0.7% rise in net sales to Rs 20,737.50 crore in Q4 March 2019 over Q4 March 2018.

Maruti Suzuki India is an automobile manufacturing company.

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