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Maruti Suzuki gains post September sales figures

The stock has gained 3% on reporting 12% yoy increase in total sales at 104,964 units in September.

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has moved higher by 3% at Rs 1,399 after reporting 12% year-on-year increase in total sales in September at 104,964 units as against 93,988 units in the same month last year.

The stock opened at Rs 1,365 and hit a high of Rs 1,404 on the BSE. A combined 355,000 shares change hands on the counter so far on the BSE and NSE.

The country's largest car-maker said its domestic sales increased by 1.8% during the month to 90,399 units as against 88,801 units in September last year.

Exports during the month surged nearly three-fold to 14,565 units as compared to 5,187 units in the same month last year, Maruti Suzuki India said in a statement.

The company said sales of its popular compact sedan surged 43% during the month under review at 16,708 units as against 11,694 units in September 2012. The company's mid-sized sedan SX4 also registered a growth of 31% to 378 units as against 288 units in the same month last year. 
 

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