Maruti Suzuki inches up on good production figures

Maruti Suzuki India rose 0.38% to Rs 2,950 at 9:25 IST on BSE after the company said its production rose 26.17% to 1.16 lakh units in September 2014 over September 2013.

The announcement was made after market hours on Tuesday, 7 October 2014.

Meanwhile, the BSE Sensex was up 22.95 points, or 0.09%, to 26,294.92.

On BSE, so far 2,477 shares were traded in the counter, compared with an average volume of 37,138 shares in the past one quarter.

The stock hit a high of Rs 2,956 and a low of Rs 2,935 so far during the day. The stock hit a 52-week high of Rs 3,110 on 23 September 2014. The stock hit a 52-week low of Rs 1,387.70 on 9 October 2013.

The stock had underperformed the market over the past one month till 7 October 2014, rising 1.88% compared with 2.79% fall in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 11.30% as against Sensex's 0.66% 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 rose 4.6% to 1.09 lakh units in September 2014 over September 2013. Domestic sales rose 9.8% to 99,290 units in September 2014 over September 2013. Exports declined 28.2% to 10,452 units in September 2014 over September 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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