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Maruti Suzuki India slips after tepid sales growth in September

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Capital Market
Last Updated : Oct 03 2017 | 10:01 AM IST

Maruti Suzuki India fell 0.59% to Rs 7,925.95 at 9:48 IST on BSE after the company said its total sales rose 9.3% to 1.63 lakh units in September 2017 over September 2016.

The announcement was made on Sunday, 1 October 2017.

Meanwhile, the S&P BSE Sensex was up 207.95 points, or 0.66% to 31,491.67.

On the BSE, 9,876 shares were traded in the counter so far, compared with average daily volumes of 35,000 shares in the past two weeks. The stock had hit a high of Rs 8,065 and a low of Rs 7,883 so far during the day.

Maruti Suzuki India's domestic sales rose 10.3% at 1.51 lakh units in September 2017 over September 2016. Export sales fell 1.3% at 11,671 units in September 2017 over September 2016.

Maruti Suzuki India's net profit rose 4.39% to Rs 1556.40 crore on 16.66% rise in net sales to Rs 17132.40 crore in Q1 June 2017 over Q1 June 2016.

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 Suzuki India (as per the shareholding pattern as on 30 June 2017).

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First Published: Oct 03 2017 | 9:48 AM IST

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