Maruti Suzuki hits new high on strong September sales

The stock hit a new high of Rs 5,720, up 4% on NSE after the company reported a strong 31% YoY growth in its passenger vehicle sales in September at 149,143 units.

Maruti Suzuki India has hit a new high of Rs 5,720, up 4.4% on the National Stock Exchange (NSE) in early morning trade after the company reported a strong 31% year on year (YoY) growth in its passenger vehicle sales in September 2016 at 149,143 units, on the back of highest-ever domestic sales.

The company had sold a total of 113,759 units in September 2015, Maruti Suzuki India said in a statement.

The company’s domestic sales jumped 29.4% YoY to a record 137,277 units in September on back of a robust growth across all the segments over the same month a year ago.  It had sold a total of 106,083 units in September 2015.

“At 149,143 units, the Company posted its highest ever total sales in September. In addition, this is also the company’s highest ever domestic monthly sales,” Maruti Suzuki India said.

At 09:27 am, the stock was up 3% at Rs 5,645 on the NSE. A combined 155,425 shares changed hands on the counter on the NSE and BSE so far.