Maruti Suzuki India gains after reporting strong sales in July

Maruti Suzuki India rose 1.65% to Rs 4,402.05 at 9:40 IST on BSE after total vehicle sales rose 20.1% to 1.21 lakh units in July 2015 over July 2014.

The announcement of July 2015 sales figures was made on Saturday, 1 August 2015.

Meanwhile, the S&P BSE Sensex was up 64.73 points or 0.23% at 28,179.29.

On BSE, so far 10,531 shares were traded in the counter as against average daily volume of 38,409 shares in the past one quarter.

The stock hit a high of Rs 4,428, which was also a record high for the stock. The stock hit a low of Rs 4,375.20 so far during the day. The stock had hit a 52-week low of Rs 2,504 on 1 August 2014.

The stock had outperformed the market over the past one month till 31 July 2015, rising 7.65% compared with Sensex's 1.2% gain. The scrip had also outperformed the market in past one quarter, gaining 16.03% as against Sensex's 4.08% gain.

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

Maruti Suzuki India's (MSIL) total domestic sales rose 22.5% to 1.10 lakh units in July 2015 over July 2014. Exports rose 0.2% to 11,307 units in July 2015 over July 2014.

Maruti Suzuki India's net profit rose 56.5% to Rs 1192.92 crore on 16.6% rise in total income to Rs 13596.96 crore in Q1 June 2015 over Q1 June 2014.

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