Maruti slips on profit booking after announcing monthly sales

Maruti Suzuki India fell 0.87% to Rs 7,152 at 11:45 IST on BSE, on profit booking after gaining 5.24% in the preceding five trading sessions to settle at Rs 7,214.90 yesterday, 31 May 2017, from its close of Rs 6,855.65 on 24 May 2017.

Meanwhile, the S&P BSE Sensex was up 8.42 points or 0.03% at 31,154.23.

On the BSE, 29,000 shares were traded on the counter so far as against the average daily volumes of 65,542 shares in the past one quarter. The stock hit a high of Rs 7,249.30 in intraday trade so far, which is record high for the counter. The stock had hit a low of Rs 7,142 so far during the day. The stock had hit a 52-week low of Rs 3,868.10 on 24 June 2016.

The stock had outperformed the market over the past one month till 31 May 2017, rising 7.59% compared with 4.1% gains in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 21.9% as against Sensex's 8.36% gains. The scrip had also outperformed the market in past one year, surging 73.37% as against Sensex's 16.79% gains.

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

Maruti Suzuki India's total sales rose 11.3% to 1.36 lakh units in May 2017 over May 2016. Domestic sales grew by 15.5% to 1.30 lakh units in May 2017 over May 2016. Export sales declined 36.3% to 6,286 units in May 2017 over May 2016. The announcement was made during market hours today, 1 June 2017.

Maruti's net profit rose 15.77% to Rs 1709 crore on 20.32% growth in net sales to Rs 18005.20 crore in Q4 March 2017 over Q4 March 2016.

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 March 2017).

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