Maruti Suzuki gains after good production in September

Maruti Suzuki India rose 0.87% to Rs 5,729.45 at 10:37 IST on BSE after the company said its total production rose 24% to 1.46 lakh units in September 2016 over September 2015.

The announcement was made after market hours yesterday, 4 October 2016.

Meanwhile, the BSE Sensex was down 55.89 points, or 0.20%, to 28,278.66.

On BSE, so far 24,000 shares were traded in the counter, compared with average daily volume of 72,583 shares in the past one quarter. The stock hit a high of Rs 5,742.45 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 5,679 so far during the day. The stock hit a 52-week low of Rs 3,202.10 on 29 February 2016. The stock had outperformed the market over the past 30 days till 4 October 2016, rising 10.11% compared with 0.69% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 36.20% as against Sensex's 4.30% rise.

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

Maruti Suzuki India's total sales jumped 31.1% to 1.49 lakh units in September 2016 over September 2015. Domestic sales surged 29.4% to 1.37 lakh units in September 2016 over September 2015. Exports jumped 54% to 11,822 units in September 2016 over September 2015.

Maruti Suzuki India'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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