Maruti Suzuki India rose 0.87% to Rs 5,729.45 at 10:37 IST on BSE after the company said its total production rose 24% to 1.46 lakh units in September 2016 over September 2015.
The announcement was made after market hours yesterday, 4 October 2016.Meanwhile, the BSE Sensex was down 55.89 points, or 0.20%, to 28,278.66.
On BSE, so far 24,000 shares were traded in the counter, compared with average daily volume of 72,583 shares in the past one quarter. The stock hit a high of Rs 5,742.45 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 5,679 so far during the day. The stock hit a 52-week low of Rs 3,202.10 on 29 February 2016. The stock had outperformed the market over the past 30 days till 4 October 2016, rising 10.11% compared with 0.69% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 36.20% as against Sensex's 4.30% rise.
The large-cap company has equity capital of Rs 151.04 crore. Face value per share is Rs 5.
Maruti Suzuki India's total sales jumped 31.1% to 1.49 lakh units in September 2016 over September 2015. Domestic sales surged 29.4% to 1.37 lakh units in September 2016 over September 2015. Exports jumped 54% to 11,822 units in September 2016 over September 2015.
Maruti Suzuki India's net profit rose 23% to Rs 1486.20 crore on 12.1% rise in net sales to Rs 14654.50 crore in Q1 June 2016 over Q1 June 2015.
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Maruti 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 30 June 2016).
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