Maruti gains in volatile trade after introducing new variant of mid-size sedan

Maruti Suzuki India rose 0.15% to Rs 4,467 at 12:25 IST on BSE after the company announced the introduction of Ciaz RS, a new variant of its popular mid-size sedan, Ciaz.

The company made announcement after market hours yesterday, 19 October 2015.

Meanwhile, the S&P BSE Sensex was up 18.90 points or 0.08% at 27,387.47.

On BSE, so far 13,014 shares were traded in the counter as against average daily volume of 55,967 shares in the past one quarter.

The stock was volatile. At the day's high of Rs 4,475.05, the stock rose 0.32%. At the day's low of Rs 4,442.10, the stock declined 0.41%. The stock had hit a record high of Rs 4,762.90 on 30 September 2015. The stock had hit a 52-week low of Rs 2,903.25 on 17 October 2014.

The stock had underperformed the market over the past one month till 19 October 2015, rising 1.29% compared with Sensex's 4.37% rise. The scrip had, however, outperformed the market in past one quarter, gaining 6.35% as against Sensex's 3.86% fall.

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

Maruti Suzuki India (MSIL) announced that Ciaz RS offers all the features and benefits of Ciaz Z+, and is available in petrol and smart hybrid diesel options. The petrol version of Ciaz RS is priced at Rs 9.20 lakh ex-showroom Delhi and the smart hybrid diesel version is priced at Rs 10.28 lakh ex-showroom Delhi.

Maruti Suzuki India's net profit rose 56.5% to Rs 1192.92 crore on 18.1% growth in net sales to Rs 13078.32 crore in Q1 June 2015 over Q1 June 2014.

Japanese parent Suzuki Motor Corporation holds 56.21% stake in Maruti Suzuki India (as per the shareholding pattern as on 30 September 2015).

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