Maruti accelerates after declaring good sales in March

Maruti Suzuki India rose 0.63% to Rs 6,062.15 at 09:18 IST on BSE after the company announced 8.1% rise in total sales to 1.39 lakh units in March 2017 over March 2016.

The announcement was made on Saturday, 1 April 2017.

Meanwhile, the S&P BSE Sensex was up 127.47 points or 0.43% at 29,747.97

On the BSE, 1,872 shares were traded on the counter so far as against the average daily volumes of 65,528 shares in the past one quarter. The stock had hit a high of Rs 6,088 and a low of Rs 6,032.55 so far during the day. The stock had hit a record high of Rs 6,230.30 on 8 February 2017 and a 52-week low of Rs 3,418.80 on 8 April 2016.

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

Maruti Suzuki India's total domestic sales rose 7.7% to 1.27 lakh units in March 2017 over March 2016. Exports grew by 12.6% to 11,764 units in March 2017 over March 2016.

Maruti Suzuki India's net profit rose 47.46% to Rs 1744.50 crore on 12.44% growth in net sales to Rs 16623.60 crore in Q3 December 2016 over Q3 December 2015.

Maruti Suzuki India is India's biggest car maker in terms of market share. Japanese parent Suzuki Motor Corporation currently holds 56.21% stake in Maruti Suzuki India (as per the shareholding pattern as on 31 December 2016).

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