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As of 30-Jun-2022, promoters held 54.8 per cent stake in the company, while FIIs held 23.65 per cent and domestic institutional investors had 13.1 per cent.

Despite inflationary pressure on various inputs, coal crisis, and uncertainty in LME (London Metal Exchange) prices, the company has been able to maintain the status of being the lowest cost producer of bauxite and alumina in the world

Even as the economy recovered, corporate bond issuances were down by more than a fifth between April and August this year compared to the same period before the pandemic, in 2019. This resulted in higher-rated corporates being able to raise funds at close to the borrowing rates for government debt, the safest asset on the Indian market.

“Maruti Suzuki’s outlook for the Indian market is pretty bullish. We are looking at CAGRs of 6.5% or so for the next eight-nine years. We believe the passenger vehicle market in the country will be about 6 billion in 2030. As a result, we have been introducing and investing not only in new models but also in production capacity. Very recently, we made a significant investment in the Kharkhoda plant for additional capacity of almost a million units.”

The stock quoted a 52-week high price of Rs 3048.0 and a 52-week low of Rs 1106.0.

As of 30-Jun-2022, promoters held 14.72 per cent stake in the company, while FIIs held 23.76 per cent and domestic institutional investors had 28.0 per cent.

The Relative Strength Index of the stock stood at 46.19 on Friday.

A total of 10,817 shares changed hands on the counter till 12:18PM (IST)

"The global risk-off is gaining strength aided by the steadily rising dollar. The dollar is rising against all currencies, and this will impact capital flows into emerging markets including India. Resumption of FPI buying since July has been supporting the rally in India," Dr V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said.

“The moonlighting debate has been around for decades. It will be around for a few more decades and people and organisations will choose the side that works best for them. Just make your choices and live with them. People in the middle of the road get hit by trucks from both sides.”