Maruti Suzuki India fell 1.18% to Rs 1,948.20 at 11:38 IST on BSE after the company said its total vehicle sales declined 5.5% to 1.13 lakh units in March 2014 over March 2013.
The company made the announcement during trading hours today, 1 April 2014.
Meanwhile, the BSE Sensex was down 23.60 points, or 0.11%, to 22,362.67.
On BSE, so far 59,000 shares were traded in the counter, compared with an average volume of 1.01 lakh shares in the past one quarter.
The stock hit a high of Rs 1,979.55 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 1,938.85 so far during the day. The stock hit a 52-week low of Rs 1,217 on 28 August 2013.
The stock had outperformed the market over the past one month till 31 March 2014, rising 24.28% compared with the Sensex's 5.99% rise. The scrip had also outperformed the market in past one quarter, rising 11.82% as against Sensex's 5.74% rise.
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The large-cap company has an equity capital of Rs 151.04 crore. Face value per share is Rs 5.
Maruti Suzuki India said its total domestic sales fell 5.2% to 1.02 lakh units in March 2014 over March 2013. The company's total exports fell 8% to 11,081 units in March 2014 over March 2013.
The company's total vehicle sales declined 1.4% to 11.55 lakh units in the financial year ended March 2014 (FY2014) over the financial year ended March 2013 (FY2013).
Total domestic sales rose 0.3% to 10.53 lakh units in FY2014 over FY2013. Total exports fell 15.8% to 1.01 lakh units in FY2014 over FY2013.
MSIL's net profit rose 35.9% to Rs 681.10 crore on 3.1% decline in net sales to Rs 10619.70 crore in Q3 December 2013 over Q3 December 2012.
Japanese parent SMC holds 56.21% stake in MSIL (as per the shareholding pattern as on 31 December 2013).
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