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Maruti Suzuki gains after reporting higher October sales

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Capital Market
Last Updated : Nov 01 2013 | 11:55 PM IST

Maruti Suzuki India rose 1.12% to Rs 1,652 at 10:51 IST on BSE after the company's total vehicle sales rose 1.9% to 1.05 lakh units in October 2013 over October 2012.

The company made the announcement during trading hours today, 1 November 2013.

Meanwhile, the BSE Sensex was up 42.19 points, or 0.20%, to 21,206.71.

On BSE, 13,000 shares were traded in the counter compared with average volume of 72,596 shares in the past one quarter.

The stock hit a high of Rs 1,656 and a low of Rs 1,630 so far during the day. The stock hit a record high of Rs 1,773.45 on 20 May 2013. The stock hit a 52-week low of Rs 1,217 on 28 August 2013.

The stock had outperformed the market over the past one month till 31 October 2013, rising 20.31% compared with the Sensex's 9.21% rise. The scrip had also outperformed the market in past one quarter, rising 23.10% as against Sensex's 9.40% rise.

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The large-cap company has an equity capital of Rs 151.04 crore. Face value per share is Rs 5.

Maruti Suzuki India's total domestic sales rose marginally by 0.1% to 96062 units in October 2013 over October 2012. Total export sales jumped 27% to 9,025 units in October 2013 over October 2012.

Maruti Suzuki India's net profit jumped 194.7% to Rs 670.20 crore on 26.5% growth in net sales to Rs 10211.80 crore in Q2 September 2013 over Q2 September 2012.

Japanese parent Suzuki Motor Corporation holds 56.21% stake in Maruti Suzuki India (as per the shareholding pattern as on 30 September 2013).

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First Published: Nov 01 2013 | 10:55 AM IST

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