Maruti Suzuki creeps higher after rise in production in Oct

Maruti Suzuki India rose 0.15% to Rs 8,248 at 12:00 IST on BSE after the company announced that production rose 6.23% to 1.41 lakh units in October 2017 over October 2016.

The announcement was made during market hours today, 8 November 2017.

Meanwhile, the S&P BSE Sensex was up 51.08 points, or 0.15% to 33,421.84.

On the BSE, 4,990 shares were traded in the counter so far, compared with average daily volumes of 23,934 shares in the past one quarter. The stock had hit a high of Rs 8,284.95 and a low of Rs 8,215 so far during the day. The stock had hit a record high of Rs 8,370.45 on 6 November 2017. The stock had hit a 52-week low of Rs 4,769.65 on 21 November 2016.

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

Maruti Suzuki India's net profit rose 3.4% to Rs 2484.30 crore on 21.8% increase in net sales to Rs 21438.10 crore in Q2 September 2017 over Q2 September 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 30 September 2017).

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