Maruti Suzuki gains after good February sales

Maruti Suzuki India rose 1.60% to Rs 3,676.25 at 10:54 IST on BSE after the company said its total sales rose 8.7% to 1.18 lakh units in February 2015 over February 2014.

The announcement was made during trading hours today, 2 March 2015.

Meanwhile, the BSE Sensex was up 37.49 points, or 0.13%, to 29,398.99.

On BSE, so far 19,000 shares were traded in the counter, compared with an average volume of 36,947 shares in the past one quarter.

The stock hit a high of Rs 3,700 and a low of Rs 3,635 so far during the day. The stock hit a record high of Rs 3,758 on 28 January 2015. The stock hit a 52-week low of Rs 1,551 on 4 March 2014.

The stock had underperformed the market over the past one month till 28 February 2015, falling 2.86% compared with 0.67% fall in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 8.46% as against Sensex's 2.33% rise.

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

Maruti Suzuki India's total domestic sales rose 8.2% to 1.07 lakh units in February 2015 over February 2014. Exports rose 14% to 10,659 units in February 2015 over February 2014.

Maruti Suzuki's net profit rose 17.8% to Rs 802.16 crore on 15.4% rise in total income to Rs 12704.72 crore in Q3 December 2014 over Q3 December 2013.

Japanese parent Suzuki Motor Corporation holds 56.21% stake in Maruti Suzuki India (as per the shareholding pattern as on 31 December 2014).

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