Maruti Suzuki India rose 0.32% to Rs 4,511.15 at 9:25 IST on BSE on reports the company plans to raise prices of its cars by up to Rs 20,000 from 1 January 2016 to offset the cost increases and unfavourable foreign exchange rates.
Meanwhile, the BSE Sensex was down 42.48 points, or 0.17%, to 25,209.84.
On BSE, so far 3,696 shares were traded in the counter, compared with an average volume of 72,091 shares in the past one quarter.
The stock hit a high of Rs 4,523 and a low of Rs 4,482 so far during the day. The stock hit a record high of Rs 4,789 on 23 November 2015. The stock hit a 52-week low of Rs 3,250 on 17 December 2014.
The stock had outperformed the market over the past one month till 9 December 2015, sliding 3.46% compared with 4.16% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 4.13% as against Sensex's 2.66% decline.
The large-cap company has an equity capital of Rs 151.04 crore. Face value per share is Rs 5.
Maruti Suzuki India's net profit rose 42.1% to Rs 1225.56 crore on 13.2% growth in net sales to Rs 13574.81 crore in Q2 September 2015 over Q2 September 2014.
Japanese parent Suzuki Motor Corporation held 56.21% stake in Maruti Suzuki India (as per the shareholding pattern as on 30 September 2015).
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