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Maruti Suzuki advances after strong sales in December

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Maruti Suzuki India rose 0.45% to Rs 3,343.20 at 11:52 IST on BSE after the company said its total sales rose 20.8% to 1.09 lakh units in December 2014 over December 2013.

The announcement was made during market hours today, 1 January 2015.

Meanwhile, the S&P BSE Sensex was down 15.31 points or 0.06% at 27,484.11.

On BSE, so far 19,000 shares were traded in the counter as against average daily volume of 32,185 shares in the past one quarter.

The stock hit a high of Rs 3,360 and a low of Rs 3,321.05 so far during the day. The stock had hit a record high of Rs 3,459.75 on 19 December 2014. The stock had hit a 52-week low of Rs 1,541.25 on 28 January 2014.

 

The stock had outperformed the market over the past one month till 31 December 2014, sliding 0.23% compared with the Sensex's 4.16% fall. The scrip had also outperformed the market in past one quarter, surging 8.61% as against Sensex's 3.26% rise.

The large-cap company has equity capital of Rs 151.04 crore. Face value per share is Rs 5.

Maruti Suzuki India's total domestic sales rose 13.3% to 98,109 units in December 2014 over December 2013. Exports surged 171% to 11,682 units in December 2014 over December 2013.

Maruti Suzuki India's net profit rose 28.7% to Rs 862.54 crore on 17.5% growth in net sales to Rs 11996.33 crore in Q2 September 2014 over Q2 September 2013.

Japanese parent Suzuki Motor Corporation holds 56.21% stake in Maruti Suzuki India (as per the shareholding pattern as on 30 September 2014).

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First Published: Jan 01 2015 | 11:46 AM IST

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