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“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.”

Banks and financial services were the most dumped stocks as Nifty Bank lost around 2 per cent led by losses in heavyweight and D-Street favourite HDFC Bank.

As of 30-Jun-2022, promoters held 54.9 per cent stake in the company, while FIIs held 18.21 per cent and domestic institutional investors had 11.55 per cent.

The company has not outsourced any collection activities in its vehicle finance business to any third-party agencies and therefore, the company does not expect any impact on the collections in this business, it said in a statement.