Maruti Suzuki India hits record high after increase in production

Maruti Suzuki India rose 1.23% to Rs 5,222 at 9:30 IST on BSE after the company announced that its total production rose 3.25% to 1.27 lakh units in August 2016 over August 2015.

The announcement was made yesterday, 5 September 2016. The market was closed on that day on account of Ganesh Chaturthi.

Meanwhile, the BSE Sensex was up 236.42 points, or 0.83%, to 28,768.53.

On BSE, so far 9,002 shares were traded in the counter, compared with average daily volume of 79,205 shares in the past one quarter. The stock hit a high of Rs 5,245.50 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 5,190.10 so far during the day. The stock hit a 52-week low of Rs 3,202.10 on 29 February 2016. The stock had outperformed the market over the past 30 days till 2 September 2016, rising 5.54% compared with 2.95% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 22.24% as against Sensex's 6.29% rise.

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

Maruti Suzuki India reported 12.2% growth in total sales to 1.32 lakh units in August 2016 over August 2015.

Maruti's net profit rose 23% to Rs 1486.20 crore on 12.1% rise in net sales to Rs 14654.50 crore in Q1 June 2016 over Q1 June 2015.

Maruti 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 June 2016).

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