Maruti Suzuki gains after its DZire model of cars attain 10 lakh cumulative sales mark

Maruti Suzuki India rose 0.75% to Rs 4,303.55 at 11:20 IST on BSE after the company said that Maruti Suzuki Dzire, India's best-selling entry Sedan for last three years, attained the 10 lakh cumulative sales mark in July 2015.

The company made announcement after market hours yesterday, 29 July 2015.

Meanwhile, the S&P BSE Sensex was up 220.29 points or 0.8% at 27,781.

On BSE, so far 2.21 lakh shares were traded in the counter as against average daily volume of 38,480 shares in the past one quarter.

The stock hit a high of Rs 4,360, which is also a record high for the stock. The stock hit a low of Rs 4,288.50 so far during the day. The stock had hit a 52-week low of Rs 2,485 on 30 July 2014.

The stock had outperformed the market over the past one month till 29 July 2015, rising 6.98% compared with Sensex's 0.3% decline. The scrip had also outperformed the market in past one quarter, gaining 13.36% as against Sensex's 1.24% gain.

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

Maruti Suzuki India (MSIL) said Maruti Suzuki Dzire has been a category leader and has helped Maruti Suzuki strengthen its presence in the entry sedan segment. Maruti Suzuki Dzire was launched in 2008. With this milestone, Swift Dzire now entered 'the elite million club' comprising models such as Alto, Swift and Wagon R.

Dzire is the only sedan to be in the top five most selling cars in India's passenger vehicle market. Dzire is also exported to Africa, South America, Central America, Middle East ASEAN and SAARC countries. The cumulative exports till June 2015 were around 50,000 units.

Maruti Suzuki India's net profit rose 56.5% to Rs 1192.92 crore on 16.6% rise in total income to Rs 13596.96 crore in Q1 June 2015 over Q1 June 2014.

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