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Maruti Suzuki recovers on bargain hunting

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Capital Market
Last Updated : Oct 08 2015 | 12:01 AM IST

Maruti Suzuki India rose 1.44% to Rs 4,420 at 11:11 IST on BSE, with the stock recovering on bargain hunting after recent sharp slide.

Meanwhile, the S&P BSE Sensex was up 123.22 points or 0.46% at 27,056.10.

On BSE, so far 23,000 shares were traded in the counter as against average daily volume of 53,284 shares in the past one quarter.

The stock hit high of Rs 4,436.50 and low of Rs 4,352.30 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 2,903.25 on 17 October 2014.

The stock had outperformed the market over the past one month till 6 October 2015, surging 7.08% compared with Sensex's 6.87% rise. The scrip had also outperformed the market in past one quarter, jumping 9.19% as against Sensex's 4.52% fall.

The large-cap car manufacturing company has equity capital of Rs 151.04 crore. Face value per share is Rs 5.

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Shares of Maruti Suzuki India had declined 7.07% in the preceding three trading sessions to settle at Rs 4,357.30 yesterday, 6 October 2015, from a recent high of Rs 4,689.30 on 30 September 2015.

Maruti Suzuki India's net profit rose 56.5% to Rs 1192.92 crore on 18.1% growth in net sales to Rs 13078.32 crore in Q1 June 2015 over Q1 June 2014.

Japanese parent Suzuki Motor Corporation holds 56.21% stake in Maruti Suzuki India (as per the shareholding pattern as on 30 June 2015).

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First Published: Oct 07 2015 | 11:13 AM IST

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