Maruti Suzuki India is trading lower by 2% at Rs 1,476, extending its previous day’s 2.4% fall, on concerns of weakness in passenger vehicle demand.
In past one week, the stock has underperformed the market by falling 5% compared to 1.9% rise in benchmark Sensex after reporting 25.36% year-on-year fall in production to 61,668 units in June 2013 over June 2012.
Meanwhile, the media reports suggest that the car maker has reduced its daily production by almost 25% at its Gurgaon and Manesar facilities in Haryana.
The stock opened at Rs 1,506 and hit a low of Rs 1,469 on BSE. A combined 183,573 shares have changed hands on the counter till 1043 hours on BSE and NSE.
In past one week, the stock has underperformed the market by falling 5% compared to 1.9% rise in benchmark Sensex after reporting 25.36% year-on-year fall in production to 61,668 units in June 2013 over June 2012.
Meanwhile, the media reports suggest that the car maker has reduced its daily production by almost 25% at its Gurgaon and Manesar facilities in Haryana.
The stock opened at Rs 1,506 and hit a low of Rs 1,469 on BSE. A combined 183,573 shares have changed hands on the counter till 1043 hours on BSE and NSE.