Maruti Suzuki India gained 0.18% to Rs 9,401 at 10:30 IST on BSE after the company announced a price increase ranging from Rs 1,700 and Rs 17,000 (ex-showroom- Delhi) across models.
The announcement was made after trading hours yesterday, 10 January 2018.Meanwhile, the S&P BSE Sensex was up 5.08 points, or 0.01% to 34,438.15.
On the BSE, 6,422 shares were traded in the counter so far, compared with average daily volumes of 56,539 shares in the past one quarter. The stock had hit a high of Rs 9,441 and a low of Rs 9,385.15 so far during the day. The stock had hit a record high of Rs 10,000 on 20 December 2017. The stock had hit a 52-week low of Rs 5,641.25 on 10 January 2017.
The large-cap company has equity capital of Rs 151.04 crore. Face value per share is Rs 5.
Maruti Suzuki India announced a price increase ranging from Rs 1,700 and Rs 17,000 (ex-showroom- Delhi) across models owing to increase in commodity and other administrative and distribution costs. The new prices are effective from 10 January 2018.
Maruti Suzuki India's net profit rose 3.4% to Rs 2484.30 crore on 21.8% increase in net sales to Rs 21438.10 crore in Q2 September 2017 over Q2 September 2016.
Maruti Suzuki India is India's biggest car maker in terms of market share. Japanese parent Suzuki Motor Corporation currently holds 56.21% stake in Maruti Suzuki India (as per the shareholding pattern as on 30 September 2017).
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