Maruti Suzuki gains after good sales in November

Maruti Suzuki India rose 0.60% to Rs 8,653.50 at 11:15 IST on BSE after the company said its total sales rose 14.1% to 1.54 lakh units in November 2017 over November 2016.

The announcement was made during trading hours today, 1 December 2017.

Meanwhile, the S&P BSE Sensex was down 30.26 points, or 0.09% to 33,119.09.

On the BSE, 8,604 shares were traded in the counter so far, compared with average daily volumes of 23,064 shares in the past one quarter. The stock had hit a high of Rs 8,695 and a low of Rs 8,633 so far during the day. The stock hit a record high of Rs 8,695 on 29 November 2017. The stock hit a 52-week low of Rs 5,040 on 7 December 2016.

Maruti Suzuki India's domestic sales rose 15% at 1.45 lakh units in November 2017 over November 2016. Export sales rose 0.8% at 9,300 units in November 2017 over November 2016.

Maruti Suzuki India's net profit rose 3.4% to Rs 2484.30 crore on 21.8% increase in net sales to Rs 21438.10 crore in Q2 September 2017 over Q2 September 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 September 2017).

Powered by Capital Market - Live News