Maruti Suzuki gains in volatile trade

Maruti Suzuki India rose 0.16% to Rs 2,917.45 at 10:58 IST on BSE, in volatile trade as the company opens customer bookings for mid-sized premium sedan Ciaz from today, 3 September 2014.

Meanwhile, the S&P BSE Sensex was up 102.69 points or 0.38% at 27,122.08

On BSE, so far 18,318 shares were traded in the counter, compared with an average volume of 42,002 shares in the past one quarter.

The stock was volatile. The stock rose as much as 1.06% at the day's high of Rs 2,943.70 so far during the day. The stock fell as much as 0.22% at the day's low of Rs 2,906.25 so far during the day. The stock hit a record high of Rs 2,963.70 on Tuesday, 2 September 2014. The stock hit a 52-week low of Rs 1,234 on 2 September 2013.

Maruti Suzuki India during market hours on Tuesday, 2 September 2014 said that it will open customer bookings for the much awaited mid-sized premium sedan Ciaz from today, 3 September 2014 across its nationwide network. Ciaz will be available in petrol and diesel fuel options. The global launch of Ciaz is planned during the forthcoming festival season, Maruti said.

The stock had outperformed the market over the past one month till 2 September 2014, rising 12.59% compared with 6.04% rise in the Sensex. The scrip also outperformed the market in past one quarter, gaining 25.18% as against Sensex's 9.46% rise.

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

Maruti Suzuki India's total sales surged 26.9% to 1.10 lakh units in August 2014 over August 2013. The domestic sales jumped 29.3% to 98,304 units in August 2014 over August 2013. Exports rose 10.3% to 12,472 units in August 2014 over August 2013. The sales numbers were announced during market hours on Monday, 1 September 2014.

Japanese parent Suzuki Motor Corporation holds 56.21% stake in Maruti Suzuki India (as per the shareholding pattern as on 30 June 2014).

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