Maruti Suzuki India has moved higher by around 5% to Rs 1,305 in late noon deals after reporting a robust 61% year-on-year jump in total sales in August at 87,323 units.
The country’s largest car maker had sold 54,154 units in the same month last year. The company's Manesar plant was locked out in August 2012 following violence in which one executive was killed.
“Domestic sales increased by 52% during the month to 76,018 units as against 50,129 units in August last year,” Maruti Suzuki said in a statement.
The stock opened at Rs 1,240 and hit a high of Rs 1,306 on NSE. A combined 565,647 shares change hands on the counter till 1520 hours on NSE and BSE.
The country’s largest car maker had sold 54,154 units in the same month last year. The company's Manesar plant was locked out in August 2012 following violence in which one executive was killed.
“Domestic sales increased by 52% during the month to 76,018 units as against 50,129 units in August last year,” Maruti Suzuki said in a statement.
The stock opened at Rs 1,240 and hit a high of Rs 1,306 on NSE. A combined 565,647 shares change hands on the counter till 1520 hours on NSE and BSE.
