Maruti gains after reporting good growth in April sales

Maruti Suzuki India gained 0.37% to Rs 3,809.05 at 14:25 IST on BSE after after the company reported 13.3% growth in its total sales at 1.26 lakh units in April 2016 over April 2015.

The company announced the monthly sales volume data during market hours today, 2 May 2016.

Meanwhile, the S&P BSE Sensex was down 154.19 points or 0.6% at 25,452.43.

On BSE, so far 60,113 shares were traded in the counter as against average daily volume of 1.01 lakh shares in the past one quarter. The stock hit high of Rs 3,822.40 and low of Rs 3,752.85 so far during the day. The stock had hit a record high of Rs 4,789 on 23 November 2015. The stock had hit a 52-week low of Rs 3,202.10 on 29 February 2016. The stock had underperformed the market over the past one month till 29 April 2016, gaining 1.72% compared with Sensex's 2.84% gains. The scrip had also underperformed the market in past one quarter, falling 7.38% as against Sensex's 2.96% gains.

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

Maruti Suzuki India's domestic sales rose 16.2% to 1.17 lakh units in April 2016 over April 2015. Exports declined 13.7% to 9,524 units in April 2016 over April 2015.

Maruti's net profit declined 11.7% to Rs 1133.60 crore on 12.5% growth in net sales to Rs 14929.50 crore in Q4 March 2016 over Q4 March 2015.

Japanese parent Suzuki Motor Corporation held 56.21% stake in Maruti Suzuki India (as per the shareholding pattern as on 31 March 2016).

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