Maruti Suzuki gains after announcing launch of Wagon R Felicity limited edition

Maruti Suzuki India rose 0.93% to Rs 4,883.55 at 15:11 IST on BSE after the company announced the launch of limited edition Wagon R Felicity.

The announcement was made during market hours today, 25 November 2016.

Meanwhile, the S&P BSE Sensex was up 471.29 points or 1.82% at 26,331.46

On BSE, so far 32,000 shares were traded in the counter as against average daily volume of 65,374 shares in the past one quarter. The stock hit a high of Rs 4,904.50 and a low of Rs 4,795.65 so far during the day. The stock had hit a 52-week high of Rs 5,972 on 1 November 2016. The stock had hit a 52-week low of Rs 3,202.10 on 29 February 2016. The stock had underperformed the market over the past 30 days till 24 November 2016, falling 17.6% compared with the 7.10% decline in the Sensex. The scrip, however, outperformed the market in past one quarter, falling 1.67% as against Sensex's 6.92% decline.

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

Maruti Suzuki India said that Wagon R Felicity offers a wide array of features including reverse parking sensors with display and voice guidance, double-din bluetooth music system with speakers, available in Lxi variant. The celebration edition is equipped with PU seats and steering cover, body graphics, rear spoiler to make it even more attractive, Maruti Suzuki India said.

Introducing the Wagon R Felicity limited edition R. S. Kalsi, Executive Director Marketing & Sales, Maruti Suzuki India said that Wagon R Felicity will appeal to Wagon R loyalists as well as compact car customers who are looking for a product that is unique and distinct. Besides the manual transmission, Wagon R is available with the AMT option. It is offered in petrol as well as CNG, the company said. Wagon R Felicity limited edition will be available in two variants - Lxi and Vxi with all existing fuel and transmission options. The limited edition Wagon R Felicity is available in the price range of Rs 4.40 lakh for Lxi to Rs 5.37 lakh for Vxi-AMT (O) variants.

Maruti Suzuki India's net profit rose 60.2% to Rs 2398 crore on 29.5% growth in net sales to Rs 17594.60 crore in Q2 September 2016 over Q2 September 2015.

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 (as per the shareholding pattern as on 30 September 2016).

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