Maruti Suzuki India rose 3.01% to Rs 5644 at 9:30 IST on BSE after the company's total sales jumped 31.1% to 1.49 lakh units in September 2016 over September 2015.
The announcement was made on Saturday, 1 October 2016.Meanwhile, the BSE Sensex was up 103.49 points, or 0.37%, to 27,969.45.
On BSE, so far 14,000 shares were traded in the counter, compared with average daily volume of 71,985 shares in the past one quarter. The stock hit a high of Rs 5,695 so far during the day, which is also record high for the counter. The stock hit a low of Rs 5,628 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 30 September 2016, rising 8.32% compared with 1.96% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 31.53% as against Sensex's 2.66% rise.
The large-cap company has equity capital of Rs 151.04 crore. Face value per share is Rs 5.
Maruti Suzuki India (MSIL)'s domestic sales surged 29.4% to 1.37 lakh units in September 2016 over September 2015. Exports jumped 54% to 11,822 units in September 2016 over September 2015.
Maruti Suzuki India'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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