 "Maruti Suzuki dips post September sales")
Maruti Suzuki India has dipped 2% at Rs 4,582, falling 3% from its intra-day high of Rs 4,721 on the NSE, after the carmaker reported 3.7% year-on-year (Y-o-Y) growth in sales for the month of September.
The company sold total 113,759 units in September against 109,742 units sold in a year-ago period, Maruti Suzuki India said in a statement.
The company’s domestic sales rose 6.8% to 106,083 units in September against 99,290 units in the same month last year. Total exports sales dropped 26.6% to 7,676 units over a year ago, it added.
However, after an 11% drop in August, sales of the company’s compact car models, which include the Swift hatchback, Dzire sedan and Celerio small car, rose 3.5% to 44,826 units in September over the year-ago period.
The company had reported 6.4% growth in monthly sales in August and 20% in July 2015.
Meanwhile, the stock touched a record high of Rs 4,763 in intra-day trade on Wednesday, had outperformed the market by gaining 17% since June 30, 2015 as compared to 6% decline in the CNX Nifty till yesterday.
At 11:28 am, the stock was down 2% at Rs 4,596 on the NSE. A combined 403,178 shares changed hands on the counter on the NSE and BSE so far.
The company sold total 113,759 units in September against 109,742 units sold in a year-ago period, Maruti Suzuki India said in a statement.
The company’s domestic sales rose 6.8% to 106,083 units in September against 99,290 units in the same month last year. Total exports sales dropped 26.6% to 7,676 units over a year ago, it added.
However, after an 11% drop in August, sales of the company’s compact car models, which include the Swift hatchback, Dzire sedan and Celerio small car, rose 3.5% to 44,826 units in September over the year-ago period.
The company had reported 6.4% growth in monthly sales in August and 20% in July 2015.
Meanwhile, the stock touched a record high of Rs 4,763 in intra-day trade on Wednesday, had outperformed the market by gaining 17% since June 30, 2015 as compared to 6% decline in the CNX Nifty till yesterday.
At 11:28 am, the stock was down 2% at Rs 4,596 on the NSE. A combined 403,178 shares changed hands on the counter on the NSE and BSE so far.
