Maruti Suzuki drops after weak production numbers

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Maruti Suzuki India lost 0.56% to Rs 1,836.10 at 9:50 IST on BSE after the company said that its production fell 6.8% to 80,698 units in December 2013 over December 2012.

The announcement was made after market hours on Tuesday, 7 January 2014.

Meanwhile, the S&P BSE Sensex was up 47.14 points or 0.23% at 20,740.38.

On BSE, so far 15,000 shares were traded in the counter as against average daily volume of 76,000 shares in the past two weeks.

The stock was volatile. The stock lost as much as 0.82% at the day's low of Rs 1,831.20 so far during the day. The stock rose as much as 0.54% at the day's high of Rs 1,856.50 so far during the day, which is also a record high for the counter. The stock had hit a 52-week low of Rs 1,217 on 28 August 2013.

Maruti Suzuki India had said last week that its total vehicle sales declined 4.4% to 90,924 units in December 2013 over December 2012.

Maruti Suzuki India's net profit jumped 194.7% to Rs 670.20 crore on 26.5% growth in net sales to Rs 10211.80 crore in Q2 September 2013 over Q2 September 2012.

Japanese parent Suzuki Motor Corporation holds 56.21% stake in Maruti Suzuki India (as per the shareholding pattern as on 30 September 2013).

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