Maruti Suzuki India will hold a meeting of the Board of Directors of the Company on 29 October 2024.Powered by Capital Market - Live

Maruti Suzuki India (MSIL) has introduced the Grand Vitara Dominion Limited Edition available in Alpha, Zeta and Delta variants across both petrol and CNG fuel type. The Dominion Edition brings a distinctive touch of style and glory with upgrades that enhance the appeal of the popular SUV. Launched strategically during the festive season along with exciting offers, the Grand Vitara Dominion Edition aims to captivate the customers by offering incredible value through complimentary accessory kits. The Grand Vitara Dominion Edition provides a range of carefully curated accessory kits that enhance both the exterior and interior. The exterior upgrades include prominent elements such as side steps, rear skid plates, body side molding, and door visors, along with premium car care kit. On the inside, the Dominion Edition offers premium dualtone seat covers, all-weather 3D mats, an interior styling kit, and a host of additional elements that offer enhanced comfort and a more premium cabin experience.Powered by Capital Market - Live

Maruti Suzuki India Ltd dropped for a fifth straight session today. The stock is quoting at Rs 12412.95, down 1.53% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.93% on the day, quoting at 24780.85. The Sensex is at 81048.48, down 0.78%.Maruti Suzuki India Ltd has gained around 2.2% in last one month.Meanwhile, Nifty Auto index of which Maruti Suzuki India Ltd is a constituent, has increased around 0.74% in last one month and is currently quoting at 25926.3, down 0.94% on the day. The volume in the stock stood at 2.93 lakh shares today, compared to the daily average of 5.21 lakh shares in last one month. The benchmark October futures contract for the stock is quoting at Rs 12533, down 1.26% on the day. Maruti Suzuki India Ltd jumped 21.16% in last one year as compared to a 27% rally in NIFTY and a 62.21% spurt in the Nifty Auto index.The PE of the stock is 27.57 based on TTM earnings ending June 24.Powered by Capital Market - Live

Maruti Suzuki India has achieved total production of 159,743 units in month of September 2024 compared to 174,978 units in September 2023, recording a decline of 8.71%. Total production includes production of 156,709 units of passenger vehicles and 3,034 units of light commercial vehicles (Super Carry). Powered by Capital Market - Live

The key equity indices continued to trade with modest gains in afternoon trade. The Nifty traded above the 26,100 level. Media, auto and IT shares advanced while consumer durables, pharma and realty shares declined. At 13:30 IST, the barometer index, the S&P BSE Sensex gained 351.58 points or 0.41% to 85,524.60. The Nifty 50 index added 105.70 points or 0.41% to 26,094.10 The Sensex and Nifty clocked an all-time high of 85,525.31 and 26,112.95, respectively in afternoon trade. In the broader market, the S&P BSE Mid-Cap index fell 0.63% and the S&P BSE Small-Cap index shed 0.52%. The market breadth was negative. On the BSE, 1,612 shares rose and 2,304 shares fell. A total of 108 shares were unchanged. Gainers & Losers: Maruti Suzuki India (up 4.30%), Tata Motors (up 2.32%), Hindalco Industries (up 1.98%), Tata Steel (up 1.92%) and Grasim Industries (up 1.65%) were major Nifty gainers. Cipla (down 2.32%), Divi's Laboratories (down 1.59%), Oil and Natural Gas Corporation (ONGC) (down 1.42%), Larsen and Toubro (down 1.21%) and NTPC (down 0.93%) were major Nifty losers. Cipla added 2.32% after the company's UK-based arm has signed a pact to acquire a 6.9% stake held by Jiangsu Xidi Pharma in a China-based unit post-acquisition Jiangsu to become a wholly owned step-down subsidiary of the company. Oil and Natural Gas Corporation fell 1.42%. The company said that its board has approved an investment of Rs 10,501 crore in equity shares of ONGC Petro additions (OPaL), in one or more tranches. Stocks in Spotlight: Infosys rose 0.74%. The IT major announced that it has collaborated with Swedish electric performance car brand Polestar to create a base for the latter's development of in-car infotainment, software and electrical engineering and cloud-powered digital services. Vedanta advanced 3.42% after the company said that its board will meet on 8 October 2024 to consider a proposal for fourth interim dividend on equity shares for the financial year 2024-25. KPI Green Energy declined 1.07%. The company said that it has received a letter of award (LoA) for the development of a 66.20 MW hybrid power project under the captive power producer (CPP) segment of the company. Zaggle Prepaid Ocean Services jumped 2.86% after the company's board approved to acquire 26% stake in Mobileware Technologies for total consideration of Rs 15.6 crore. Meanwhile, the board has also approved to acquire 98.32% stake in Span Across IT Solutions. The company will acquire 10,66,314 equity shares with a face value of Rs 10 each at a price of Rs 300.80 per share. Easy Trip Planners (EaseMyTrip) jumped 5.68% after the company said that it has entered into an exclusive partnership with PhonePe to launch its Hotels segment on the platform. The said collaboration aimed to enhance the user experience by providing seamless access to millions of domestic and international hotels. Prestige Estates Projects fell 1.58%. The real estate developer has announced the launch of its luxury residential project Prestige Pine Forest, which is located at Whitefield, Bangalore. The project has a revenue potential of Rs 1,100 crore. Global Markets: European and Asian stocks traded higher on Thursday, driven by continued optimism surrounding China's recent stimulus measures and a robust rally in technology stocks, particularly semiconductor manufacturers. The latter was fueled by strong earnings from U.S. chipmaker Micron. Chinese markets have been on a roll this week following Beijing's announcement of a series of stimulus measures, including a reduction in bank reserve requirements and lower mortgage rates. These measures have sparked a wave of bargain buying, as Chinese markets had been lagging behind global peers for some time due to concerns about a slowing economy. U.S. stocks experienced a pullback on Wednesday, with the three major indices closing mixed as investors weighed the health of the economy and the likelihood of further interest rate cuts. The Dow Jones Industrial Average declined by around 0.7%, while the S&P 500 fell 0.19% and Nasdaq Composite (+0.04%) saw more modest gains. On the economic data front, new home sales in the United States decreased in August compared to the previous month, primarily due to high mortgage rates and elevated prices deterring potential buyers. However, mortgage applications rose to their highest level since 2022, driven by homeowners seeking to refinance their loans as interest rates decline. This week's market focus is on Federal Reserve Chair Jerome Powell's upcoming speech and the release of the PCE price index, the Fed's preferred inflation gauge.Powered by Capital Market - Live

Maruti Suzuki India (MSIL) today launched the S-CNG variant of the Epic New Swift. This exciting addition to the iconic Swift lineup seamlessly blends its style, performance, and cutting-edge features with an unmatched fuel-efficiency of 32.85 km/kg#. With this, the new Swift S-CNG cements its position as India's most fuel-efficient premium hatchback in its segment. The newly launched Swift is being appreciated for its distinct design, underscored by its bold wraparound character line, which lends it a sporty identity in the premium hatchback segment. The Swift S-CNG continues to uphold this distinct sporty character. Complemented by the Z-series Dual VVT engine it emits low CO2 and delivers an impressive maximum torque of 101.8 Nm @ 2900 rpm for better city driving. To better cater to diverse customer preferences, the Swift S-CNG is now offered in three variants: V, V(O), and Z, up from two in the previous generation. Each of these trims is equipped with a 5-speed manual gearbox.Powered by Capital Market - Live

The domestic equity benchmarks traded with minor losses in the morning trade. The Nifty traded below the 25,300 level. Media shares extended losses for the five consecutive trading sessions. At 10:30 ST, the barometer index, the S&P BSE Sensex, fell 114.19 points or 0.12% to 82,456.88. The Nifty 50 index shed 30.20 points or 0.12% to 25,252.70. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index added 0.29% and the S&P BSE Small-Cap index gained 0.53%. The market breadth was strong. On the BSE, 2,044 shares rose and 1,580 shares fell. A total of 144 shares were unchanged. New Listing: Shares of Premier Energies were currently trading at Rs 866.15 at 10:19 IST on the BSE, representing a premium of 92.48% as compared with the issue price of Rs 450. The scrip was listed at Rs 991, exhibiting a significant premium of 120.22% to the issue price. So far, the stock has hit a high of 993.45 and a low of 860. On the BSE, over 28.78 lakh shares of the company were traded in the counter so far. Buzzing Index: The Nifty Media index shed 0.40% to 2,086.15. The index declined 2.85% in the five trading sessions. Zee Entertainment Enterprises (down 1.98%), TV18 Broadcast (down 0.7%), Network 18 Media & Investments (down 0.57%), Hathway Cable & Datacom (down 0.53%), Nazara Technologies (down 0.25%), Dish TV India (down 0.21%), Saregama India (down 0.18%), Tips Industries (down 0.05%) declined Stocks in Spotlight: Maruti Suzuki India shed 0.19%. The car manufacturer announced that its total production increased 2.15% to 168,953 units in August 2024 as against 165,402 units recorded in August 2023. Kaynes Technology India jumped 5.52% after the company informed that the Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the proposal of Kaynes Semicon to setup a semiconductor unit in Sanand, Gujarat. Matrimony.com soared 9.37% after the company informed that its board will meet on 5 September 2024, to consider and approve, the proposal for buy back of fully paid up equity shares of the company.Powered by Capital Market - Live

Sequentially, the auto giant's total production declined 8.99% as compared with 185,641 units produced in July 2024. The production of passenger vehicles stood at 165,782 units (up 1.37% YoY) and production of light commercial vehicles was at 3,171 units (up 70.85% YoY) during the period under review. Maruti Suzuki India is engaged in the manufacture, purchase and sale of motor vehicles, components, and spare parts (automobiles). The auto major company reported 46.87% jump in standalone net profit to Rs 3649.9 crore on 9.91% rise in revenue from operations to Rs 35,531 crore in Q1 FY25 over Q1 FY24. The scrip fell 0.44% to currently trade at Rs 12,375.85 on the BSE. Powered by Capital Market - Live

In August 2024, Maruti Suzuki India sold a total of 181,782 units compared to 189,082 units, recording a decline of 3.86%. Total sales in the month include domestic sales of 145,570 units, sales to other OEM of 10,209 units and exports of 26,003 units. The company's domestic sales declined 8.26% while sales to other OEM and exports rose 76.32% and 5.64% respectively on year-on-year basis. Powered by Capital Market - Live

While the company's total domestic sales declined by 5% to 155,779 units, total exports improved by 4% to 26,003 units in August 2024 over August 2023. Separately, Maruti Suzuki India said that the company has announced a reduction in prices of select variants of Alto Kl0 and S-Presso w.e.f. today i.e. 02 September 2024. Price of S-Presso LXI Petrol has been reduced by Rs 2,000 and Price of Alto K10 VXI Petrol has been reduced by Rs 6,500,' the company said in a statement. Maruti Suzuki India is engaged in the manufacture, purchase and sale of motor vehicles, components, and spare parts (automobiles). The auto major company reported 46.87% jump in standalone net profit to Rs 3649.9 crore on 9.91% rise in revenue from operations to Rs 35,531 crore in Q1 FY25 over Q1 FY24. The scrip shed 0.24% to currently trade at Rs 12391.20 on the BSE. Powered by Capital Market - Live