Maruti drops on reports it may suspend petrol car production temporarily

Maruti Suzuki India dropped on Friday after media reports said, the company will suspend production of petrol cars at its Gurgaon plant on Mar. 9, 2013 to cut inventory amid slowing sales. The company registered a fall of 7.9% in sales to 109,567 units in February 2013. In last February total sales was at 118,949 units. Shares ofthe companyare trading at Rs 1,423, down Rs 28.5, or 1.96% at the Bombay Stock Exchange (BSE) on Friday at 2:06 p.m.The scrip has touched an intra-day high of Rs 1,474 and low of Rs 1,416.50. The total volume of shares traded at the BSE is 60,029.In the earlier session, the shares climbed 2.07%, or Rs 29.45, at Rs 1,451.50. Currently, the stock is trading down 13.1% from its 52-week high of Rs 1,637.60 and above 35.27% over the 52-week low of Rs 1,052.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 1,424.20 27.30 1.92 1 Month 1,626.20 (174.70) (10.74) 3 Months 1,510.05 (58.55) (3.88) 6 Months 1,209.60 241.90 20.00 1 Year 1,309.10 142.40 10.88 Note: Based on previous day closing price.