Maruti Suzuki India rose 1.50% to Rs 4,336.95 at 11:18 IST on BSE as Japanese yen eased against the dollar.
Meanwhile, the BSE Sensex was up 66.70 points, or 0.24%, to 27,693.39.
On BSE, so far 21,000 shares were traded in the counter, compared with an average volume of 76,936 shares in the past one quarter. The stock hit a high of Rs 4,343 and a low of Rs 4,273 so far during the day. The stock hit a 52-week high of Rs 4,789 on 23 November 2015. 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 one month till 11 July 2016, rising 3.77% compared with 3.72% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 22.84% as against Sensex's 10.41% rise.
The large-cap company has an equity capital of Rs 151.04 crore. Face value per share is Rs 5.
A weak yen is expected to boost operating margins for Maruti Suzuki India. 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 domestic sales dropped 10.2% to 92,133 units in June 2016 over June 2015. Exports slumped 44.7% to 6,707 units in June 2016 over June 2015.
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.
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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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