Maruti Suzuki India rose 0.37% to Rs 1,667.45 at 14:16 IST on BSE on hopes imports of parts would be less costly after the Japanese yen hit a six-month low against the dollar.
Maruti sources a large portion of its parts from Japan.Meanwhile, the S&P BSE Sensex was down 31.60 points or 0.15% at 20,866.41.
On BSE, 40,000 shares were traded in the counter as against average daily volume of 81,626 shares in the past two weeks.
The stock was volatile. The stock rose as much as 1.5% at the day's high of Rs 1,686.35 so far during the day. The stock lost as much as 0.56% at the day's low of Rs 1,652 so far during the day.
Maruti Suzuki India on Monday, 2 December 2013, said its total sales declined 10.7% to 92,140 units in November 2013 over November 2012. Domestic sales dropped 5.9% to 85,510 units in November 2013 over November 2012. Exports slumped 46.2% to 6,630 units in November 2013 over November 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.
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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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