Maruti Suzuki India rose 0.33% to Rs 4,194 at 15:18 IST on BSE as the company scheduled an Analyst meet today, 17 July 2015, in Mumbai on the eve of likely launch of India's first premium crossover S-CROSS and retail chain NEXA next month first week.
Meanwhile, the S&P BSE Sensex was up 21.60 points or 0.08% at 28,467.72.
On BSE, so far 30,000 shares were traded in the counter as against average daily volume of 38,129 shares in the past one quarter.
The stock was volatile. The stock rose as much as 1.07% at the day's high of Rs 4,225.25 so far during the day, which is a record high for the counter. The stock fell as much as 0.41% at the day's low of Rs 4,162.90 so far during the day. The stock had hit a 52-week low of Rs 2,480 on 23 July 2014.
The stock had outperformed the market over the past one month till 16 July 2015, surging 10.17% compared with Sensex's 6.59% rise. The scrip had also outperformed the market in past one quarter, jumping 13.94% as against Sensex's 0.77% fall.
The large-cap company has equity capital of Rs 151.04 crore. Face value per share is Rs 5.
Maruti Suzuki India (MSIL) scheduled an Analyst meet today, 17 July 2015, in Mumbai on the eve of likely launch of India's first premium crossover S-CROSS and retail chain NEXA in the first week of August.
MSIL said it will launch S-CROSS, India's first premium crossover that is built on a brand new platform.
Also, MSIL will launch NEXA, the first of its kind breakthrough modern retail channel that will have an exclusive network of new age automotive showrooms across India. These showrooms will offer a new range of premium vehicles separate from the existing sales channel of MSIL, the company said in a statement.
Maruti Suzuki India's net profit rose 60.5% to Rs 1284.24 crore on 12.3% growth in net sales to Rs 13272.55 crore in Q4 March 2015 over Q4 March 2014.
Japanese parent Suzuki Motor Corporation holds 56.21% stake in Maruti Suzuki India (as per the shareholding pattern as on 31 March 2015).
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