Maruti Suzuki India Limited is a publicly listed automaker in India. It is the largest automobile manufacturer in South Asia.

Suzuki Motor Corporation of Japan holds a majority stake in the company. It was the first company in India to mass produce and sell more than a million cars. It is largely credited for ha!ing brought in an automobile re!olution to India. It is the market leader in India and on "# September $%%#& Maruti Udyog Limited was renamed Maruti Suzuki India 'imited. Maruti Udyog Limited (MUL) was established in (ebruary ")*"&It is one of India+s leading automobile manufacturers and the market leader in the car segment& both in terms of !olume of !ehicles sold and re!enue earned. ,ntil recently& "*.$*- of the company was owned by the Indian go!ernment& and ./.$- by Suzuki of Japan. 0he Indian go!ernment held an initial public offering of $.- of the company in June $%%1. As of "% May $%%#& 2o!t. of India sold its complete share to Indian financial institutions. 3ith this& 2o!t. of India no longer has stake in Maruti ,dyog. 0he company annually e4ports more than .%&%%% cars and has an e4tremely large domestic market in India selling o!er #1%&%%% cars annually. Maruti *%%& till $%%/& was the India+s largest selling compact car e!er since it was launched in ")*1. 5uring $%%# %*& Maruti Suzuki sold #6/&*/$ cars& of which .1&%$/ were e4ported. In all& o!er si4 million Maruti Suzuki cars are on Indian roads since the first car was rolled out on "/ 5ecember ")*1.Maruti Suzuki offers ". models& Maruti *%%& Alto& 3agon7& 8stilo& A star& 7itz& Swift&

Swift 59ire& S:/& ;mni& 8eco& 2ypsy& 2rand <itara. Swift& Swift 59ire& A star and S:/ =early #.&%%% people are employed directly by Maruti Suzuki and its partners.It has been rated first in customer satisfaction among all car makers in India from "))) to $%%) by J 5 >ower Asia >acific ?$@.

Joint venture
7elationship between the 2o!ernment of India& under the ,nited (ront AIndiaB coalition and Suzuki Motor Corporation o!er the joint !enture was a point of heated debate in the Indian media till Suzuki Motor Corporation gained the controlling stake. 0his highly profitable joint !enture that had a near monopolistic trade in the Indian automobile market and the nature of the partnership built up till then was the underlying reason for most issues. 0he success of the joint !enture led Suzuki to increase its eCuity from $6- to /%in ")*#& and further to .%- in "))$.

HISTORY
YEAR 2000
0he Company was awarded the Dighest 84porter 5elhi. IC7A has assigned E'AAA+ rating to the 7s $%% crore long term non con!ertible debenture programme and EA"F+ rating to the 7s."%% crore commercial paper programe of the company. 0he Company will issue bonds for 7s $%% crore at ICICI Securities and (inance 'td. 0he Company has proposed to set up a dealership on the Internet for the new models. Sumitomo of Japan is picking up a /#.. per cent state a joint !enture with Maruti ,dyog 'td for pro!iding after sales care and ser!ice for Maruti !ehicles. Maruti Cars ha!e o!ertaken hitherto popular Japanese brands to become the number $%%" Rights issue of eCuity in Maruti ,dyog 'td& which would lead to an e!entual sell off of the 2o!ernment+s eCuity in the passenger car joint Award in =ew

EVENTS

!enture. Maruti ,dyog sold 1#&/)% units in March $%%"& $* percent more than in (ebruary& when it sold $)&.6) p assenger cars. MA7,0I ,dyog in!ested 7s ..% crore in the current fiscal besides targeting an o!er $/ percent rise in turno!er at 7s ""&.%% crore Suzuki takes o!er control in Maruti ,dyog by hiking its stake in the company from .%- to ./.$-& Maruti ,dyog becomes the subsidiary of Suzuki

2003

8nters into an agreement with State Gank of India ASGIB under which&each of the "$&%%% branches of India+s largest commercial bank is e4pected to sell one car per month

(I>G bans ;!erseas Corporate Godies A;CGB from Maruti I>; Central go!ernment picks up %.$1 per cent eCuity owned by the employees+ trust in Maruti ,dyog 'td. AM,'B

2004
7ises !olume car prices by 7s $%%% M,' un!eils new after sales facility in Chennai ,n!eils <ersa <ariant At 7s 1.$# 'akh Introduces a new cut price !ersion of its Alto compact car on April *th priced at 7s $&1%&%%% to help buyers upgrade from the cheaper Maruti *%%. Maruti ,dyog reduces the down payment figure to 7s $"&%%%& for purchasing India+s cheapest car Maruti *%% and e4tends the loan repayment

period from se!en to eight years which will bring down the eCuated monthly installment A8MIB to 7s $&/)) from 7s $&.)) 0ies up with M7( to boost motorsports in India Maruti un!eils +Gike to Car+ scheme in Ahmedabad A7G' ties up with M,' for battery supply Maruti join hands with Indiatimes to buy and sell used cars Maruti ,dyog 'td+s AM,'B ties with State Gank of India for car financing.

2005
Announces a price hike of 7s $&%%% 1&%%% across models all models e4cept Maruti *%% on January .& $%%.. Maruti ,dyog 'td rolls out a new look Maruti *%% with spruced up interiors and upgrades that enable it to meet superior emission norms. M,' sets up second dri!ing school at Hollam M,' to sell cars form J< with Suzuki Maruti ,dyog launches Swift in 5elhi on May $.& $%%.. Maruti un!eils scheme for Herala 2o!t employees

2007
,0I Gank and Maruti ha!e joined hands for gi!ing car finance. Maruti ,dyog 'td on May %#& $%%# the Company has launched S:/ sedan

IPO
!hat is a "ook "ui#ding I$%& I>; is initial public offering where if any company wants to increase their capital then the company will launch I>; through which it issue shares in market and they will get the money which will help them out in e4panding their business. A book building process is where the shareholders in!est in I>; directly from

open market there is no other way to do so. It brings transparency to in!estors and the share allocation will be basis on lottery system or some systematic process. A company will fi4 a price band according to their financial results o!er the last year and e4pecting results for coming years. 0his price band consists of total price Aface !alue F premiumB

Face Value
'e(inition
0he nominal dollar amount assigned to a security by the issuer. (or an eCuity security& face !alue is usually a !ery small amount that bears no relationship to its market price& e4cept for preferred stock& in which case face !alue is used to calculate di!idend payments. (or a debt security& face !alue is the amount repaid to the in!estor when the bond matures Ausually& corporate bonds ha!e a face !alue of I"%%%& municipal bonds I.%%%& and federal bonds I"%&%%%B. In the secondary market& a bond+s price fluctuates with interest rates. If interest rates are higher than the coupon rate on a bond& the bond will be sold below face !alue Aat a JdiscountJB. If interest rates ha!e fallen& the price will be sold abo!e face !alue. here a#so )a##ed par or par !alue. (ace !alue for Maruti Suzuki K 7s .

Rights Issue
May $%%#

Suzuki to take *hee# at Maruti+ Rights issue at Rs 3,2-0 a share

I= a landmark decision& the Centre today decided to hand o!er management control in Maruti ,dyog 'td AM,'B to Suzuki Motor Corporation ASMCB for a consideration of 7s "&%%% crore. SMC would acCuire controlling stake in the country+s leading car manufacturer by way of the Centre renouncing its subscription to a 7s /%% crore rights issue of M,'. ;nce the rights issue is completed& SMC would end up ha!ing a ./.$% per cent stake in the company& with the Centre+s share falling to /.../ per cent. Aa news reportB

Dividends

'i.idends are payments made by a corporation to its shareholder members. It is the portion of corporate profits paid out to stockholders. ?"@ 3hen a corporation earns a profit or surplus& that money can be put to two usesL it can either be re in!ested in the business Acalled retained earningsB& or it can be paid to the shareholders as a di!idend. Many corporations retain a portion of their earnings and pay the remainder as a di!idend.

Dividend List
/ear $%%) $%%* $%%# $%%6 $%%. $%%/ Month Apr Apr Apr Jul May May 'i.idend (0) #% "%% )% #% /% 1%

Technical Analysis
BSE
5ay+s Digh M 'ow 5ay+s <olumes .$3k Digh M 'ow ;pen >rice 0urno!er 5eli!erable <ol. 6 Mth. A!g. <ol. (eb $/&%%L%% "&/)".%% M "&1#.."% 1."&1%$ "&#/%.%% M 61).%% "&/%..$. .%.&#$/&"%#.%% #%&6.. $$#&1%%.$. (eb $6&%%L%% "&/)%.%% M "&1#..%% "&#""&#11 "&#1#.1% M 61$./% "&1)*.*% $&/6%&).#&#%..1% .6$&6*) ##%&)/*."1

NSE
5ay+s Digh M 'ow 5ay+s <olumes .$3k Digh M 'ow ;pen >rice 0urno!er 5eli!erable <ol. 6 Mth. A!g. <ol.

7ecent de!elopments Aafter feb "%B

0 he stock slipped 7s $% or ".. per cent pre!ious week. 0aking support from the $%% day mo!ing a!erage at 7s "&1$" and also just abo!e our support le!el of 7s "&1""& the stock bounced upward Significant support for the near term is at 7s "&1$" and subseCuent support le!el is at 7s "&$)". Short term trader can buy with tight stop at 7s "&1.%& with targets at 7s "&/"%.
STOCK PERFORMANCE -2.82% in 1 Week -6.85% in 1 Month 80.77% in 1 Year

Last Trade: Trade Time: Change: Prev C !se: $pen: %id: As&:

1,363.30INR
Apr 13 8.25(0.60%) 1"3#1.55 1"3#5.00 1363.30 1363.30

52'& (ange: +! ,me: Avg +! (3m): .ar&et Cap: P01 (ttm): 1P2 (ttm): 3iv 4 5ie d:

)33.00 * 1"#3#.30 30-"66) -2#")6# /0A /0A /0A /0A (/0A%)