Maruti Suzuki gains after decent sales in August

Maruti Suzuki India rose 0.38% to Rs 5,072 at 10:29 IST on BSE after the company reported 12.2% growth in total sales to 1.32 lakh units in August 2016 over August 2015.

The announcement was made during market hours today, 1 September 2016.

Meanwhile, the BSE Sensex was up 20.29 points, or 0.07%, to 28,472.46.

On BSE, so far 22,000 shares were traded in the counter, compared with average daily volume of 77,508 shares in the past one quarter. The stock hit a high of Rs 5,095 and a low of Rs 5,022.65 so far during the day. The stock hit a record high of Rs 5,104.90 on 30 August 2016. The stock 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 31 August 2016, rising 1.24% compared with 1.68% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 20.77% as against Sensex's 5.99% rise.

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

Maruti's domestic sales rose 12.3% to 1.19 lakh units in August 2016 over August 2015. The company's exports rose 10.8% to 12,280 units in August 2016 over August 2015.

Maruti's net profit rose 23% to Rs 1486.20 crore on 12.1% rise in net sales to Rs 14654.50 crore in Q1 June 2016 over Q1 June 2015.

Maruti 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 June 2016).

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