Maruti Suzuki hits record high after sales rise 13% in July

Shares of country's largest carmaker Maruti Suzuki today surged over 2 per cent to hit a fresh all-time high of Rs 4,991 after it reported a 13 per cent rise in total sales for last month.
Opening on a strong note, the stock gained further to end the session at Rs 4,991, a rise of 2.49 per cent, on BSE. Intra-day, the scrip touched a high of Rs 5,037.90.
At NSE, shares of the company settled at Rs 4,986.05, up 2.46 per cent. During the day, the stock touched a record high of Rs 5,039.
On volume front, 1.27 lakh shares changed hands on BSE and over 16 lakh shares were traded on NSE.

Maruti Suzuki stock had yesterday ended at a record high of Rs 4,869.80 after it reported a 12.7 per cent rise in sales at 1,37,116 units in July.
The company had posted total sales of 1,21,712 units in the same month a year ago.

In domestic sales, this was the best-ever monthly show at 1,25,778 units, up 13.9 per cent from 1,10,405 units in July last year.
Meanwhile, the carmaker also hiked prices of its various models by up to Rs 20,000.
The price of newly launched compact SUV Vitara Brezza was increased by Rs 20,000 while that of new premium hatchback Baleno stood at Rs 10,000.

On a select range, the price hike was between Rs 1,500 and Rs 5,000, Maruti Suzuki India (MSI) said in a regulatory filing yesterday.