Maruti Suzuki moves ahead on posting good February sales

Maruti Suzuki India gained 0.25% to Rs 8,895.05 at 10:27 IST on BSE after the company said that its total sales rose 15% to 1.49 lakh units in February 2018 over February 2017.

The announcement was made during market hours today, 1 March 2018.

Maruti Suzuki India's domestic sales rose 14.2% to Rs 1.37 lakh units in February 2018 over February 2017. Exports jumped 24.9% to 11,924 units in February 2018 over February 2017.

Meanwhile, the S&P BSE Sensex, was down 39.59 points, or 0.12% to 34,144.45.

On the BSE, 9,148 shares were traded in the counter so far, compared with average daily volumes of 76,583 shares in the past one quarter. The stock had hit a high of Rs 8,939.60 and a low of Rs 8,865.05 so far during the day. The stock had hit a record high of Rs 10,000 on 20 December 2017. The stock had hit a 52-week low of Rs 5,804.40 on 8 March 2017.

The stock had outperformed the market over the past one month till 28 February 2018, dropping 4.36% compared with the Sensex's 5.18% fall. The stock had also outperformed the market over the past one quarter, gaining 2.86% as against the Sensex's 1.68% rise. The scrip had also outperformed the market over the past one year, surging 49.81% as against the Sensex's 18.93% rise.

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

Maruti Suzuki India's net profit rose 3% to Rs 1799 crore on 13.9% rise in net sales to Rs 18940 crore in Q3 December 2017 over Q3 December 2016.

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 Suzuki India (as per the shareholding pattern as on 31 December 2017).

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