Currency futures trade stronger, OI increases by 3.56%
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The partially convertible rupee is currently trading at 69.41, stronger compared to its Friday’s close at 69.44. The rupee opened at 69.4000 and touched day’s high of 69.4775 and low of 69.3850.
The June currency futures were trading at 69.5575 with a spread of 0.0025 and a volume of 313747. The contract opened stronger at 69.5850 compared to its previous closing of 69.6000. The open interest (OI) stood at 1,598,138 up by 3.56% compared to its previous close of 1,543,135.
The rupee had closed at 69.41 on Friday, while the reference rate stood at 69.3019.
Maruti Suzuki trades higher on the bourses
Maruti Suzuki India is currently trading at Rs. 6961.90, up by 14.30 points or 0.21% from its previous closing of Rs. 6947.60 on the BSE. The scrip opened at Rs. 6992.75 and has touched a high and low of Rs. 7037.15 and Rs. 6955.00 respectively. So far 6988 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 5 has touched a 52 week high of Rs. 9922.85 on 24-Jul-2018 and a 52 week low of Rs. 6324.35 on 28-Jan-2019. Last one week high and low of the scrip stood at Rs. 7102.00 and Rs. 6748.00 respectively. The current market cap of the company is Rs. 210966.67 crore.
The promoters holding in the company stood at 56.21%, while Institutions and Non-Institutions held 35.71% and 8.09% respectively. Maruti Suzuki India’s brand Dzire continues to maintain pole position as India’s best-selling compact sedan for more than 10 years. It has become the preferred choice for over 19 lakh customers. The company sold over 2.5 lakh units of Dzire in 2018-19, averaging monthly sales of over 21,000 units. Dzire leads the compact sedan segment with a market share of 55%.
Positioned as an authentic sedan offering plush and roomy interiors, loaded with new features and equipped with advanced safety features, the new Dzire became an instant hit since May 2017. Features such as DRLs (daytime running lamps), precision cut two-tone alloy wheels, rear AC vents and SmartPlay infotainment system (compatible with Android and iOS users) make Dzire an irresistible package in its segment. Maruti Suzuki India (formerly known as Maruti Udyog) is an automobile manufacturer in India. It provides passenger cars, utility vehicles and vans. The firm also offers pre-owned car sales, fleet management and car financing services.