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  4. Maruti shares fall 4 pc; m-cap drops by Rs 6,645 cr

Maruti shares fall 4 pc; m-cap drops by Rs 6,645 cr

The company's market valuation dropped Rs 6,644.88 crore to Rs 1,76,105.12 crore on the BSE.

PTI PTI
New Delhi Published on: September 04, 2019 17:36 IST
Maruti shares fall 4 pc; m-cap drops by Rs 6,645 cr
Image Source : FILE IMAGE

Maruti shares fall 4 pc; m-cap drops by Rs 6,645 cr

Shares of Maruti Suzuki India (MSI) declined 4 per cent on Wednesday after the company said it will suspend production at its Gurugram and Manesar plants in Haryana for two days.

The scrip fell 3.64 per cent to close at Rs 5,829.75 on the BSE. Intra-day, the stock tumbled 4.15 per cent to Rs 5,798.25.

On the NSE, shares dropped 4 per cent to close at Rs 5,805.20.

It was the worst hit among the frontline companies on both the key indices during the day.

The company's market valuation dropped Rs 6,644.88 crore to Rs 1,76,105.12 crore on the BSE.

The company said it will halt manufacturing operations at the two facilities on September 7 and 9.

"Both days will be observed as no production days," it said in a statement.

Reeling under severe slowdown, the auto major had reduced its production by 33.99 per cent in August, making it the seventh straight month of reduction in output.

ALSO READ: Maruti Suzuki to halt production at Haryana plants for two days

ALSO READ: Maruti reports 33 per cent drop in August sales at 1,06,413 units

ALSO READ: Maruti Swift to Hyundai i10, car companies offering BIG discounts. Complete details here

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