Maruti Suzuki pares gains after muted production in September

Maruti Suzuki India was up 0.35% to Rs 7870.50 at 14:04 IST on BSE after the company said its total production rose 3.28% to 1.51 lakh units in September 2017 over September 2016.

The announcement was made during trading hours today, 5 October 2017.

Meanwhile, the S&P BSE Sensex was up 15.71 points, or 0.05% to 31,687.42.

On the BSE, 15,000 shares were traded in the counter so far, compared with average daily volumes of 27,582 shares in the past one quarter. The stock rose 0.73% at the day's high of Rs 7,899.90 in intraday trade. The stock fell 0.42% at the day's low of Rs 7,810 in intraday trade. The stock hit a record high of Rs 8,200 on 12 September 2017. The stock hit a 52-week low of Rs 4,769.65 on 21 November 2016.

The stock had outperformed the market over the past one month till 4 October 2017, rising 0.34% compared with 0.43% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 5% as against Sensex's 0.96% rise. The scrip had also outperformed the market in past one year, rising 37.79% as against Sensex's 12.23% rise.

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

Maruti Suzuki India said its total sales rose 9.3% to 1.63 lakh units in September 2017 over September 2016. domestic sales rose 10.3% at 1.51 lakh units in September 2017 over September 2016. Export sales fell 1.3% at 11,671 units in September 2017 over September 2016. The announcement was made on Sunday, 1 October 2017.

Maruti Suzuki India's net profit rose 4.4% to Rs 1556.40 crore on 16.7% rise in net sales to Rs 17132.40 crore in Q1 June 2017 over Q1 June 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 30 June 2017).

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