Maruti Suzuki India rose 1.42% to Rs 4,450 at 14:45 IST on BSE after net profit surged 42.1% to Rs 1225.60 crore on 13.2% growth in net sales to Rs 13574.80 crore in Q2 September 2015 over Q2 September 2014.
The result was announced during market hours today, 27 October 2015.
Meanwhile, the S&P BSE Sensex was down 122.89 points or 0.45% at 27,239.07.
On BSE, so far 94,000 shares were traded in the counter as against average daily volume of 57,961 shares in the past one quarter.
The stock was volatile. The stock rose as much as 1.92% at the day's high of Rs 4,472.40 so far during the day. The stock lost as much as 0.22% at the day's low of Rs 4,378 so far during the day. The stock had hit a record high of Rs 4,762.90 on 30 September 2015. The stock had hit a 52-week low of Rs 3,130 on 28 October 2014.
The stock had underperformed the market over the past one month till 26 October 2015, sliding 3.99% compared with the Sensex's 5.79% rise. The scrip had, however, outperformed the market in past one quarter, rising 3.64% as against Sensex's 2.67% fall.
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The large-cap car manufacturing company has equity capital of Rs 151.04 crore. Face value per share is Rs 5.
Higher volumes, material cost reduction initiatives and favourable foreign exchange contributed significantly to Maruti Suzuki India's bottom line growth in Q2 September 2015.
Japanese parent Suzuki Motor Corporation holds 56.21% stake in Maruti Suzuki India (as per the shareholding pattern as on 30 September 2015).
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