Maruti Suzuki gains after good September sales

Maruti Suzuki India rose 3.07% to Rs 1,399.65 at 10:22 IST on BSE after the company said its total sales rose 11.7% to 1.04 lakh units in September 2013 over September 2012.

The company made the announcement during trading hours today, 1 October 2013.

Meanwhile, the BSE Sensex was up 57.88 points, or 0.30%, to 19,437.65

On BSE, 38,000 shares were traded in the counter compared with average volume of 66,145 shares in the past one quarter.

The stock hit a high of Rs 1,404 and a low of Rs 1,363.60 so far during the day. The stock hit a record high of Rs 1,773.45 on 20 May 2013. The stock hit a 52-week low of Rs 1,217 on 28 August 2013.

The stock had outperformed the market over the past one month till 30 September 2013, rising 9.16% compared with the Sensex's 4.08% rise. The scrip had, however, underperformed the market in past one quarter, falling 11.71% as against Sensex's 0.08% decline.

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

Maruti Suzuki India said its total domestic sales rose 1.8% to 90,399 units in September 2013 over September 2012. Total export sales surged 180.8% to 14,565 units in September 2013 over September 2012.

Maruti Suzuki India's net profit surged 49% to Rs 631.61 crore on 5.1% decline in net sales to Rs 9995.12 crore in Q1 June 2013 over Q1 June 2012.

Japanese parent Suzuki Motor Corporation holds 56.21% stake in Maruti Suzuki India (as per the shareholding pattern as on 30 June 2013).

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