Maruti Suzuki India edges higher after announcing Q3 results

Maruti Suzuki India rose 0.45% to Rs 3,624.75 at 14:00 IST on BSE after the company's net profit rose 17.76% to Rs 802.16 crore on 15.38% rise in total income to Rs 12704.72 crore in Q3 December 2014 over Q3 December 2013.

The company announced Q3 results during market hours today, 27 January 2015.

Meanwhile, the S&P BSE Sensex was up 56.81 points or 0.19% at 29,335.65.

On BSE, so far 1.11 lakh shares were traded in the counter as against average daily volume of 36,502 shares in the past one quarter.

The stock hit a high of Rs 3,684.90 and a low of Rs 3,587.05 so far during the day. The stock had hit a record high of Rs 3,688.60 on 21 January 2015. The stock had hit a 52-week low of Rs 1,541.25 on 28 January 2014.

The stock had underperformed the market over the past one month till 23 January 2015, gaining 6.18% compared with Sensex's 6.44% rise. The scrip had, however, outperformed the market in past one quarter, gaining 14.03% as against Sensex's 9.04% rise.

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

Maruti Suzuki India said that higher volumes, material cost reduction initiatives and favourable foreign exchange contributed to bottom line during the quarter.

Maruti Suzuki India's total sales rose 12% to 3.23 lakh units in Q3 December 2014 over Q3 December 2013. Exports rose 43.8% to 28,709 units in Q3 December 2014 over Q3 December 2013.

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