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Maruti Suzuki down over 2% on production shut-down

By Religare
|

Shares of country's largest car maker Maruti Suzuki India fell over 2 per cent in early trade on Bombay Stock Exchange (BSE) after the company said it is going for a one day production shut-down at its two plants at Gurgaon and Manesar tomorrow ahead of a six-day scheduled maintenance closure later this month.

The one day shut-down of the two plants on Friday is to adjust production to market demand, a company spokesperson said.

 

Weighed down by development, shares of company declined as much 2.02 per cent to trade at Rs 1555.00 a piece on the BSE.

In a similar fashion, shares of the company were trading at 1,559.00 a piece, down 1.77 per cent on the National Stock Exchange (NSE).

Meanwhile, the broader benchmark Sensex was quoting at 19,498.38, down 21.11 points or 0.11 per cent at 9:48 hours.

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