Maruti Suzuki India fell 1.48% to Rs 3,289 at 11:16 IST on BSE after total vehicles sales fell 1.1% to 1.03 lakh units in October 2014 over October 2013.
The announcement was made on Saturday, 1 November 2014.
Meanwhile, the BSE Sensex was down 30.86 points, or 0.11%, to 27,834.97.
On BSE, so far 16,000 shares were traded in the counter, compared with an average volume of 37,840 shares in the past one quarter.
The stock hit a high of Rs 3,330 and a low of Rs 3,280 so far during the day. The stock hit a record high of Rs 3,349 on 31 October 2014. The stock 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 October 2014, rising 8.94% compared with 4.64% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 32.24% as against Sensex's 7.61% rise.
The large-cap company has an equity capital of Rs 151.04 crore. Face value per share is Rs 5.
Maruti Suzuki India's total domestic sales rose 1% to 97,069 units in October 2014 over October 2013.
The company's total exports sales fell 23.5% to 6,904 units in October 2014 over October 2013.
The company said that owing to festivals and state elections, during October 2014 Maruti Suzuki had 19 working days. This limited the availability of vehicles during the month. In October 2013, Maruti Suzuki had 24 working days.
Further, retail sales during October 2014 were robust at around 1.08 lakh units, over 10% higher than October last year. Retail sales during October 2014 were about 10% higher than wholesales of 97,069 during October 2014.
In exports, shipment of around 1,000 units to Algeria and Egypt was rescheduled to November 2014 due to cyclonic conditions in Gujarat area. The impact of the aforementioned factors is reflected in the sales numbers for October 2014, the company said in a statement.
Maruti Suzuki India's net profit rose 28.69% to Rs 862.54 crore on 18.24% growth in total income to Rs 12497.03 crore in Q2 September 2014 over Q2 September 2013. Growth in domestic sales and cost reduction initiatives by the company contributed significantly to bottomline growth during Q2 September 2014.
Japanese parent Suzuki Motor Corporation holds 56.21% stake in Maruti Suzuki India (as per the shareholding pattern as on 30 September 2014).
Powered by Capital Market - Live News
