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Maruti Suzuki nudges higher after hike in prices

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gained 0.18% to Rs 9,401 at 10:30 on 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 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.

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.

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.

is India's biggest in terms of market share. Japanese parent currently holds 56.21% stake in Maruti Suzuki India (as per the shareholding pattern as on 30 September 2017).

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, January 11 2018. 10:48 IST