Maruti plans to begin production with 90% capacity utilization
The company’s manufacturing facilities will open after nearly two weeks of near-minimal production
Maruti Suzuki India Ltd is planning to begin production at its two factories in Haryana from Monday, according to reports.
Report says that the company’s manufacturing facilities will open after nearly two weeks of near-minimal production.
“We are starting with 90% capacity utilization on day 1. There would be some niggles in the beginning as the plant is being re-opened after a maintenance shutdown,” the company reportedly said.
The production schedule for Monday is 5,000 units.
Maruti Suzuki India Ltd ended at Rs. 4117.6, down by Rs. 51.4 or 1.23% from its previous closing of Rs. 4169 on the BSE.
The scrip opened at Rs. 4161 and touched a high and low of Rs. 4192.5 and Rs. 4101 respectively. A total of 548371(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 124384.46 crore.
The BSE group 'A' stock of face value Rs. 5 touched a 52 week high of Rs. 4789 on 23-Nov-2015 and a 52 week low of Rs. 3202.1 on 29-Feb-2016. Last one week high and low of the scrip stood at Rs. 4224.9 and Rs. 4101 respectively.
The promoters holding in the company stood at 56.21 % while Institutions and Non-Institutions held 37.09 % and 6.7 % respectively.
The stock traded above its 200 DMA.