Maruti Suzuki India’s stock down nearly 2% on yen’s strength


The shares of Maruti Suzuki India continued to be on a shaky wicket for the second consecutive day on Friday, falling more than 1%, 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 company’s stock dipped 1.22% to end at Rs 3,428.85 on BSE. Intraday, it went down 1.51% to Rs 3,418.80.

On NSE, the country’s largest car maker fell 0.98% to close at Rs 3,437.05.

The stock had lost nearly 3% in the last trading session, too.

For March, the domestic passenger car sales came down 0.3% to 1,75,730 units as compared with 1,76,260 in the same month last year.

In the broader market, the BSE benchmark Sensex ended little changed on Friday, down 11.58 points, at 24,673.84.

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