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Maruti Suzuki turns volatile after reporting April production numbers

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Capital Market

Maruti Suzuki India lost 0.02% to Rs 1899.20 at 13:08 IST on BSE after the company said its total production declined 1.9% to 1.03 lakh units in April 2014 over April 2013.

The company made the announcement during trading hours today, 6 May 2014.

Meanwhile, the S&P BSE Sensex was up 84.30 points or 0.38% at 22,529.42.

On BSE, so far 8,991 shares were traded in the counter as against average daily volume of 74,694 shares in the past one quarter.

The stock was volatile. The stock rose as much as 0.49% at the day's high of Rs 1909.05 so far during the day. The stock lost as much as 0.8% at the day's low of Rs 1884.30 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 stock had underperformed the market over the past one month till 5 May 2014, sliding 1.43% compared with the Sensex's 0.38% rise. The scrip had, however, outperformed the market in past one quarter, advancing 18.23% as against Sensex's 10.78% rise.

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

Maruti Suzuki India had on 1 May 2014 said its total sales declined 11.4% to 86,196 units in April 2014 over April 2013. Exports sales rose 4.4% to 7077 units in April 2014 over April 2013. Domestic sales declined 12.6% to 79,119 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 06 2014 | 1:09 PM IST

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