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Maruti Suzuki India declines after reporting marginal rise in September sales

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Maruti Suzuki India declined 2.02% to Rs 4,719.95 at 13:00 IST on BSE after the company said total sales rose 3.7% to 1.13 lakh units in September 2015 over September 2014.

The company made announcement during market hours today, 1 October 2015.

Meanwhile, the S&P BSE Sensex was up 110.73 points or 0.42% at 26,265.56.

On BSE, so far 44,685 shares were traded in the counter as against average daily volume of 50,371 shares in the past one quarter.

Shares of India's largest car maker by sales hit high of Rs 4,720 and low of Rs 4,585 so far during the day. The stock had hit a record high of Rs 4,762.90 yesterday, 30 September 2015. The stock had hit a 52-week low of Rs 2,903.25 on 17 October 2014.

 

Maruti Suzuki India said domestic sales rose 6.8% to 1.06 lakh units in September 2015 over September 2014. Exports dropped 26.6% to 7,676 units in September 2015 over September 2014.

Maruti Suzuki India's net profit rose 56.5% to Rs 1192.92 crore on 18.1% growth in net sales to Rs 13078.32 crore in Q1 June 2015 over Q1 June 2014.

Japanese parent Suzuki Motor Corporation holds 56.21% stake in Maruti Suzuki India (as per the shareholding pattern as on 30 June 2015).

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First Published: Oct 01 2015 | 12:56 PM IST

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