Maruti Suzuki India rose 2.63% to Rs 2857.55 at 10:59 IST on BSE after the company said its total sales surged 26.9% to 1.10 lakh units in August 2014 over August 2013.
The sales numbers were announced during market hours today, 1 September 2014.
Meanwhile, the BSE Sensex was up 200.17 points or 0.75% at 26,838.28.
On BSE, so far 30,000 shares were traded in the counter as against average daily volume of 40,499 shares in the past one quarter.
The stock hit a high of Rs 2,867.70 so far during the day, which is a record high for the counter. The stock hit a low of Rs 2,791.25 so far during the day. The stock had 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 28 August 2014, jumping 11.18% compared with Sensex's 2.49% rise. The scrip had also outperformed the market in past one quarter, advancing 20.46% as against Sensex's 8.48% rise.
The large-cap company has equity capital of Rs 151.04 crore. Face value per share is Rs 5.
Maruti Suzuki India's 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.
Maruti Suzuki India's net profit rose 20.7% to Rs 762.28 crore on 10.8% growth in net sales to Rs 11073.51 crore in Q1 June 2014 over Q1 June 2013.
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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