Maruti Suzuki skids more, shares down over 1% on yen's strength
The yen's strength against the greenback is likely to put pressure on the company's margins. The stock dipped 1.22 per cent to end at Rs 3,428.85 on BSE. Intra-day, it went down 1.51 per cent to Rs 3,418.80.
- Apr 8, 2016,
- Updated Apr 8, 2016 8:09 PM IST
Shares of Maruti Suzuki continued to be on a shaky wicket for the second consecutive day today, falling more than one per cent, on Japanese yen's strength against the greenback.
The yen's strength against the greenback is likely to put pressure on the company's margins.
The stock dipped 1.22 per cent to end at Rs 3,428.85 on BSE. Intra-day, it went down 1.51 per cent to Rs 3,418.80.
On NSE, the country's largest carmaker fell 1.16 per cent to close at Rs 3,430.65.
The stock had lost nearly 3 per cent in the last trading session, too.
For March, domestic passenger car sales came in at 1,75,730 units compared with 1,76,260 in the same month last year, down 0.3 per cent.
In the broader market, the BSE benchmark Sensex ended little changed today, down 11.58 points, at 24,673.84.
Shares of Maruti Suzuki continued to be on a shaky wicket for the second consecutive day today, falling more than one per cent, on Japanese yen's strength against the greenback.
The yen's strength against the greenback is likely to put pressure on the company's margins.
The stock dipped 1.22 per cent to end at Rs 3,428.85 on BSE. Intra-day, it went down 1.51 per cent to Rs 3,418.80.
On NSE, the country's largest carmaker fell 1.16 per cent to close at Rs 3,430.65.
The stock had lost nearly 3 per cent in the last trading session, too.
For March, domestic passenger car sales came in at 1,75,730 units compared with 1,76,260 in the same month last year, down 0.3 per cent.
In the broader market, the BSE benchmark Sensex ended little changed today, down 11.58 points, at 24,673.84.