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Last Updated : Dec 06, 2018 06:39 PM IST | Source: PTI

Maruti Suzuki dives over 4% on price hike announcement

On the NSE, the stock plummeted 4.67 per cent to settle at Rs 7,201 apiece. The shares hit a low of Rs 7,180 and a high of Rs 7,486.30 in the intra-day trade.

Shares of Maruti Suzuki India on December 6 tumbled over 4 per cent after the company announced price hike across various models. The scrip fell 4.63 per cent to close at Rs 7,209.7 on the BSE. Intra-day, it hit a low of Rs 7,178.3, a decline of 5.04 per cent.

On the NSE, the stock plummeted 4.67 per cent to settle at Rs 7,201 apiece. The shares hit a low of Rs 7,180 and a high of Rs 7,486.30 in the intra-day trade.

Among the Sensex constituents, Maruti Suzuki was the worst hit.

The auto major's stock had slumped over 2 per cent on the bourses on December 5.

Maruti Suzuki had announced on December 5 it will increase prices of its vehicles across various models from next month to offset adverse impact of increase in commodity prices and foreign exchange rates.

The company, however, did not specify the range by which the prices of its vehicles would be increase.

Besides Maruti, other automobile firms showed a bearish trend on December 6.

Tata Motors shed 4.02 per cent, followed by Bajaj Auto 1.55 per cent, Hero Motocorp 1.23 per cent.

Overall auto index at BSE fell by 2.26 per cent to close at 19,824.18.
First Published on Dec 6, 2018 06:32 pm
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