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Maruti Suzuki India, incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 315848.87 Crore) operating in Auto sector.

​What is going to happen is that eventually the stock prices finally has to find its support in terms of the earnings growth. And in the long term, it is the earnings growth that is what is going to define the percent increase in the stock price.

A total of 15,360 shares changed hands on the counter till 12:08PM (IST).

The MCX October gold futures were trading down by Rs 91 or 0.16% from the Tuesday closing price at Rs 58,535 per 10 gram on the MCX while the December Silver futures were trading at Rs 71,497 per kg, higher by Rs 437 or 0.61%.

The IPO comprises a fresh issue size of Rs 180 crore, which has been reduced from Rs 225 crore earlier. The issue also includes an offer for sale (OFS) segment of up to 1.72 crore equity shares. Overall, the firm looks to raise Rs 1,964 crore.

Between midcap and smallcap funds, the latter has seen the highest inflows in 2023 to the tune of Rs 26,305 crore. On the contrary, largecap funds have seen net outflows of Rs 3,607 crore in the same period.

Promoters held 0 per cent stake in the company as of 30-Jun-2023, while FIIs owned 43.62 per cent, DIIs 30.88 per cent.

A total of 191,700 shares changed hands on the counter till time (IST).

“If Brent goes to $100 and stays there, that will be a big worry for me. At $90, we can absorb the pain. If it sustains beyond a quarter, we will have to rework it. But assuming $90 is a new average, we will still be averaging close to $85-86 for the year as a whole, which is okay at this point in time.”