Maruti Suzuki India rose 1.23% to Rs 5,222 at 9:30 IST on BSE after the company announced that its total production rose 3.25% to 1.27 lakh units in August 2016 over August 2015.
The announcement was made yesterday, 5 September 2016. The market was closed on that day on account of Ganesh Chaturthi.Meanwhile, the BSE Sensex was up 236.42 points, or 0.83%, to 28,768.53.
On BSE, so far 9,002 shares were traded in the counter, compared with average daily volume of 79,205 shares in the past one quarter. The stock hit a high of Rs 5,245.50 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 5,190.10 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 2 September 2016, rising 5.54% compared with 2.95% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 22.24% as against Sensex's 6.29% rise.
The large-cap company has equity capital of Rs 151.04 crore. Face value per share is Rs 5.
Maruti Suzuki India reported 12.2% growth in total sales to 1.32 lakh units in August 2016 over August 2015.
Maruti'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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