Maruti Suzuki drops on lower production in June 2013

The company announced the monthly production data during trading hours today, 8 July 2013.

Meanwhile, the S&P BSE Sensex was down 230.28 points or 1.18% at 19,265.54.

On BSE, 12,000 shares were traded in the counter as against average daily volume of 77,520 shares in the past one quarter.

The stock hit a high of Rs 1,570 and a low of Rs 1,531.25 so far during the day. The stock had hit a 52-week low of Rs 1,075 on 23 June 2012. The stock had hit a record high of Rs 1,773.45 on 20 May 2013.

The stock had underperformed the market over the past one month till 5 July 2013, sliding 0.9% compared with the Sensex's 0.37% fall. The scrip had, however, outperformed the market in past one quarter, surging 10.57% as against Sensex's 5.67% gain.

India's largest car maker by sales has equity capital of Rs 151.04 crore. Face value per share is Rs 5.

Maruti Suzuki India on 1 July 2013 reported 12.6% fall in total sales to 84,455 units in June 2013 over June 2012. The company's domestic sales fell 7.8% to 77,002 units in June 2013 over June 2012. Exports declined 43% to 7,453 units in June 2013 over June 2012.

Maruti Suzuki India's net profit jumped 93.7% to Rs 1239.62 crore on 13.7% growth in net sales to Rs 13056.26 crore in Q4 March 2013 over Q4 March 2012.

Japanese parent Suzuki Motor Corporation holds 56.21% stake in Maruti Suzuki India (as per the shareholding pattern as on 31 March 2013).

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