Stocks of Maruti Udyog ended 3.94 per cent lower at Rs 226.50, following the hike in petrol prices and drop in sales for the month of August 2003.
Earlier, the scrip opened at Rs 235. Volumes in the counter were in the order of 22.02 lakh shares on the BSE and 39.76 lakh shares on the NSE.
Dealers said there was a lot of profit booking in the counter, as investors expect the company to be adversely affected by the petrol hike.
On September 1, the scrip closed at an lifetime high of Rs 235.80. The company reported a 4.2 per cent reduction in vehicles sold this August, compared to August last year.
The company said that efforts were on to increase the manufacturing capability of alternative suppliers and enable them to supply higher quantities of components to the company.
