Maruti Suzuki India was up 1.14% to Rs 5534.55 at 11:32 IST on the BSE, breaking a three day losing streak today.
The stock fell 5.74% in the past three trading sessions to settle at Rs 5472.15 yesterday, 31 July 2019, from its close of Rs 5805.55 on 26 July 2019.
Meanwhile, the S&P BSE Sensex was down by 454.98 points or 1.21% to 37,026.64.
On the BSE, 35000 shares were traded in the counter so far compared with average daily volumes of 92000 shares in the past two weeks. The stock had hit a high of Rs 5536 and a low of Rs 5447.2 so far during the day. The stock had a hit a 52-week high of Rs 9590 on 1 August 2018 and a 52-week low of Rs 5447 on 31 July 2019.
Meanwhile, the company reported a 33.5% decline in the total sales to 109264 units in July 2018 from 1,64,369 units in July 2018. Total domestic sales declined 36.3% to 98,210 units while total exports declined 9.4% to 9,258 units in July 2018 from 10,219 units in July 2018. The announcement was made during market hours today, 1 August 2019.
Maruti Suzuki India's consolidated net profit declined 31.7% to Rs 1376.30 crore on 14.1% decline in net sales to Rs 18,738.80 crore in Q1 June 2019 over Q1 June 2018.
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Maruti Suzuki India, India's largest passenger car company, is engaged in the business of manufacturing, purchase and sale of motor vehicles.
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