Maruti nudges higher after announcing strong sales in March

Maruti Suzuki India rose 0.36% to Rs 3,732.50 at 12:35 IST on BSE after the company said that its total sales rose 15.9% to 1.29 lakh units in March 2016 over March 2015.

The company announced the monthly sales volume data during market hours today, 1 April 2016.

Meanwhile, the S&P BSE Sensex was down 126.66 points or 0.5% at 25,215.20.

On BSE, so far 49,000 shares were traded in the counter as against average daily volume of 87,440 shares in the past one quarter. The stock was volatile. The stock rose as much as 1.36% at the day's high of Rs 3,770 so far during the day. The stock lost as much as 0.94% at the day's low of Rs 3,684 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 March 2016, surging 14.69% compared with Sensex's 10.17% rise. The scrip had, however, underperformed the market in past one quarter, sliding 19.42% as against Sensex's 2.97% fall.

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

Maruti Suzuki India's (MSIL) domestic sales rose 14.6% to 1.18 lakh units in March 2016 over March 2015. Exports rose 33.4% to 10,450 units in March 2016 over March 2015.

Maruti Suzuki India's net profit rose 27.1% to Rs 1019.30 crore on 20.4% growth in net sales to Rs 14767.70 crore in Q3 December 2015 over Q3 December 2014.

Japanese parent Suzuki Motor Corporation held 56.21% stake in Maruti Suzuki India (as per the shareholding pattern as on 31 December 2015).

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