Saturday 11 October 2014

Maruti Suzuki shares slip over one per cent on falling demand concerns

Today morning Maruti Suzuki Ltd shares slipped over 1 per cent, after a day the country largest carmaker is understood to have asked 200 contract workers to go on uncertain leave following cut down in diesel engine production at its Manesar plant due to low market demand.

Maruti Suzuki was trading lower Rs 1534.60 at 09:40 a.m. It hit a high of Rs 1542 and a low of Rs 1526 in trade today.
Angel Broking (Stock-Broking and Wealth Management Companies in India) said a” The Manesar diesel engine plant operated at close to full capacity in FY2013 as the demand for diesel vehicles remained strong”.


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