Maruti inches up after declaring rise in sales in May

Maruti Suzuki India rose 0.47% to Rs 4,187.45 at 10:41 IST on BSE, after after the company reported 7.1% growth in its total sales to 1.23 lakh units in May 2016 over May 2015.

The announcement was made during market hours today, 1 June 2016.

Meanwhile, the S&P BSE Sensex was up 154.17 points or 0.59% at 26,824.68

On BSE, so far 26,121 shares were traded in the counter as against average daily volume of 81,764 shares in the past one quarter. The stock hit a high of Rs 4,199.90 and a low of Rs 4,157 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 outperformed the market over the past one month till 31 May 2016, rising 9.83% compared with Sensex's 4.14% gains. The scrip also outperformed the market in past one quarter, gaining 28.54% as against Sensex's 15.94% 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 10.6% to 1.13 lakh units in May 2016 over May 2015. Total export sales declined 20.8% to 9,872 units in May 2016 over May 2015.

Maruti Suzuki India announced after market hours yesterday, 31 May 2016, that it will resume manufacture of vehicles at its Gurgaon facilities from second half of today, 1 June 2016. Certain operations in the Manesar campus, including casting and manufacture of transmissions, will also resume in the second half of today, 1 June 2016, Maruti Suzuki India said. Subros and Maruti Suzuki India are jointly working on options to obtain supply of components from other facilities and gradually bring operations back to normal, the company said. Maruti Suzuki India had to suspend operations at its facilities from second half of 29 May 2016 owing to a fire accident at the Manesar facilities of its supplier Subros.

Maruti Suzuki India'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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