Maruti Suzuki inches up amid volatility after reporting July sales

Maruti Suzuki India rose 0.41% to Rs 1,332.50 at 11:10 IST on BSE after the company said its total sales rose 1.3% to 83,299 units in July 2013 over July 2012.

The company announced the July sales numbers during trading hours today, 1 August 2013.

Meanwhile, the S&P BSE Sensex was up 1.19 points or 0.01% at 19,346.89.

On BSE, 24,000 shares were traded in the counter as against average daily volume of 69,012 shares in the past one quarter.

The stock was volatile. The stock rose as much as 2.4% at the day's high of Rs 1,359 so far during the day. The stock lost as much as 0.45% at the day's low of Rs 1,321 so far during the day. The stock had hit a 52-week low of Rs 1,109.20 on 3 August 2012. The stock had hit a record high of Rs 1,773.45 on 20 May 2013.

The stock had underperformed the market over the past one month till 31 July 2013, sliding 13.71% compared with the Sensex's 0.26% fall. The scrip had also underperformed the market in past one quarter, declining 20.48% as against Sensex's 0.81% fall.

India's largest car maker by sales has equity capital of Rs 151.04 crore. Face value per share is Rs 5.

Maruti Suzuki India's domestic sales rose 5.8% to 75,145 units in July 2013 over July 2012. Export sales declined 27.3% to 8,154 units in July 2013 over a year ago.

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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