Maruti falls 2% as RBI restricts further purchases by FII

Maruti Suzuki India, the largest passenger cars maker in India,fell on Tuesday after the Reserve Bank of India (RBI) said the company has crossed the overall limit of 24% of its paid-up capital. Therefore, no further purchases of share of this firm would be allowed through stock exchanges in India on behalf of Foreign Institutional Investors (FII). Shares ofthe companyare trading at Rs 1,413, down Rs 29.45, or 2.04% at the Bombay Stock Exchange (BSE) on Tuesday at 10:31 a.m.The scrip has touched an intra-day high of Rs 1,437.95 and low of Rs 1,400. The total volume of shares traded at the BSE is 14,150.In the earlier session, the shares climbed 0.19%, or Rs 2.7, at Rs 1,442.45. Currently, the stock is trading down 13.72% from its 52-week high of Rs 1,637.60 and above 34.32% over the 52-week low of Rs 1,052.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 1,512.20 (69.75) (4.61) 1 Month 1,600.20 (157.75) (9.86) 3 Months 1,493.30 (50.85) (3.41) 6 Months 1,143.65 298.80 26.13 1 Year 1,255.00 187.45 14.94 Note: Based on previous day closing price.