Maruti Suzuki in top gear after strong August sales

Maruti Suzuki India rose 1.81% to Rs 1,266.55 at 11:06 IST on BSE after the company said its total sales surged 61.2% to 87,323 units in August 2013 over August 2012.

The company announced the August sales during trading hours today, 2 September 2013.

Meanwhile, the S&P BSE Sensex was up 152.80 points or 0.82% at 18,772.52.

On BSE, 32,000 shares were traded in the counter as against average daily volume of 65,450 shares in the past one quarter.

The stock hit a high of Rs 1,282.60 and a low of Rs 1,234 so far during the day. The stock had hit a record high of Rs 1,773.45 on 20 May 2013. The stock had hit a 52-week low of Rs 1,128.05 on 3 September 2012.

The stock had underperformed the market over the past one month till 30 August 2013, sliding 7.33% compared with the Sensex's 3.77% fall. The scrip had also underperformed the market in past one quarter, declining 24.03% as against Sensex's 7.89% fall.

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 51.6% to 76,018 units in August 2013 over August 2012. Export sales spurted 180.9% to 11,305 units in August 2013 over August 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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