Maruti Suzuki gains after good July sales

Maruti Suzuki India rose 2.17% to Rs 7,875 at 11:43 IST on BSE after total sales rose 20.6% to 1.65 lakh units in July 2017 over July 2016.

The announcement was made during trading hours today, 01 August 2017.

Meanwhile, the S&P BSE Sensex was up 5.74 points, or 0.02% to 32,520.68.

On the BSE, 41,000 shares were traded in the counter so far, compared with average daily volumes of 50,696 shares in the past one quarter. The stock had hit a high of Rs 7,920 so far during the day, which is also a record high for the counter. The stock had hit a low of Rs 7,729.05 so far during the day. The stock hit a 52-week low of Rs 4,769.65 on 21 November 2016.

The stock had outperformed the market over the past one month till 31 July 2017, rising 6.79% compared with 5.15% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 14.95% as against Sensex's 8.67% rise. The scrip had also outperformed the market in past one year, rising 58.28% as against Sensex's 16.11% rise.

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

Maruti Suzuki India's domestic sales grew by 22.4% to 1.54 lakh units in July 2017 over July 2016. Export sales rose 0.01% to 11,345 units in July 2017 over July 2016.

Maruti Suzuki India's net profit rose 4.4% to Rs 1556.40 crore on 16.7% rise in net sales to Rs 17132.40 crore in Q1 June 2017 over Q1 June 2016.

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 Suzuki India (as per the shareholding pattern as on 30 June 2017).

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