Maruti Suzuki India gains after good sales in November

Maruti Suzuki India rose 0.40% to Rs 5,284.50 at 10:22 IST on BSE after the company reported 12.2% rise in total sales to 1.35 lakh units in November 2016 over November 2015.

The announcement was made during trading hours today, 1 December 2016.

Meanwhile, the BSE Sensex was up 35.15 points, or 0.13%, to 26,687.96.

On BSE, so far 55,000 shares were traded in the counter, compared with average daily volume of 65,570 shares in the past one quarter. The stock hit a high of Rs 5,308 and a low of Rs 5,205 so far during the day. The stock hit a record high of Rs 5,972 on 1 November 2016. The stock hit a 52-week low of Rs 3,202.10 on 29 February 2016. The stock had underperformed the market over the past 30 days till 30 November 2016, falling 10.46% compared with the 4.39% decline in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 4.06% as against Sensex's 6.23% decline.

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

Maruti Suzuki India's (Maruti) domestic sales rose 14.2% to 1.26 lakh units in November 2016 over November 2015. Exports fell 9.8% to 9,225 units in November 2016 over November 2015.

Maruti Suzuki India's net profit rose 60.2% to Rs 2398 crore on 29.5% growth in net sales to Rs 17594.60 crore in Q2 September 2016 over Q2 September 2015.

Maruti Suzuki India is India's biggest car maker in terms of market share. Japanese parent Suzuki Motor Corporation currently holds 56.21% stake in Maruti (as per the shareholding pattern as on 30 September 2016).

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