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Maruti Suzuki slips after weak sales in April

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Maruti Suzuki India lost 1.15% to Rs 1,895.90 at 09:24 IST on BSE after total vehicle sales declined 11.4% to 86,196 units in April 2014 over April 2013.

The sales figures were announced on Thursday, 1 May 2014, when the stock market was closed on account of May Day.

Meanwhile, the S&P BSE Sensex was up 75.79 points or 0.34% at 22,493.59

On BSE, so far 5,222 shares were traded in the counter as against average daily volume of 74,477 shares in the past one quarter.

The stock hit a high of Rs 1,900 and a low of Rs 1,888 so far during the day. The stock hit a record high of Rs 2,007.60 on 22 April 2014. The stock hit a 52-week low of Rs 1,217 on 28 August 2013.

 

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

Maruti Suzuki India said its total domestic sales fell 12.6% to 79,119 units in April 2014 over April 2013. The company's total exports rose 4.4% to 7,077 units in April 2014 over April 2013.

Maruti Suzuki India's net profit fell 35.5% to Rs 800.05 crore on 9.5% decline in net sales to Rs 11818.13 crore in Q4 March 2014 over Q4 March 2013.

Japanese parent Suzuki Motor Corporation holds 56.21% stake in Maruti Suzuki India (as per the shareholding pattern as on 31 March 2014).

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First Published: May 02 2014 | 9:26 AM IST

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