Maruti Suzuki India rose 1.99% to Rs 4,406.05 at 14:05 IST on BSE as the Japanese yen weakened against the dollar.
Meanwhile, the S&P BSE Sensex was up 70.95 points or 0.26% at 27,886.13.
On BSE, so far 66,000 shares were traded in the counter as against average daily volume of 75,136 shares in the past one quarter. The stock hit a high of Rs 4,419 and a low of Rs 4,331.90 so far during the day. The stock had hit a record high of Rs 4,789 on 23 November 2015. The stock had hit a 52-week low of Rs 3,202.10 on 29 February 2016. The stock had underperformed the market over the past one month till 13 July 2016, gaining 4.46% compared with 5.37% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, advancing 15.68% as against Sensex's 8.54% rise.
The large-cap company has equity capital of Rs 151.04 crore. Face value per share is Rs 5.
A weak yen lifts Maruti's operating profit margin. Maruti pays royalty to its Japanese parent Suzuki Motor Corporation in yen terms for some of its earlier models. Maruti has reportedly started paying royalty to its Japanese parent in rupee terms on all new models from 1 April 2016. Maruti also has an exposure to the yen to the extent it imports raw materials from Japan.
Maruti Suzuki India's net profit declined 11.7% to Rs 1133.60 crore on 12.5% growth in net sales to Rs 14929.50 crore in Q4 March 2016 over Q4 March 2015.
Maruti Suzuki India is India's biggest car maker in terms of market share. Japanese parent Suzuki Motor Corporation currently holds 56.21% stake in Maruti (as per the shareholding pattern as on 31 March 2016).
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