Maruti Suzuki recovers after Wednesday's slide

Meanwhile, the BSE Sensex was up 85.16 points or 0.43% at 19,902.79.

On BSE, 27,000 shares were traded in the counter as against average daily volume of 64,246 shares in the past one quarter.

The stock hit a high of Rs 1,521.50 and a low of Rs 1,495 so far during the day. The stock had hit a 52-week high of Rs 1,599.90 on 7 January 2013. The stock had hit a 52-week low of Rs 1,015.65 on 17 January 2012.

The stock had underperformed the market over the past one month till 16 January 2013, rising 1.26% compared with the Sensex's 2.59% gain. The scrip had, however, outperformed the market in past one quarter, jumping 9.24% as against Sensex's 6.67% surge.

The large-cap company has equity capital of Rs 144.46 crore. Face value per share is Rs 5.

Shares of Maruti Suzuki India had fallen 3.43% to settle at Rs 1,492.95 on Wednesday, 16 January 2013.

The Minister of Petroleum and Natural Gas Dr M Veerappa Moily on Wednesday, 16 January 2013, said at the time of inaugurating Oil & Gas Conservation Fortnight 2013 organized by the Petroleum Conservation & Research Association (PCRA) that there is a need to formulate mechanism for rating of automobiles in the country based on their fuel efficiency. Dr. Moily also said the energy auditing should encompass all sectors as utilization of national resources on sustainable basis need to be a top priority.

Maruti Suzuki India's net profit declined 5.4% to Rs 227.45 crore on 8.5% growth in net sales to Rs 8070.11 crore in Q2 September 2012 over Q2 September 2011. The company unveils Q3 December 2012 results on 25 January 2013.

Japanese parent Suzuki Motor Corporation holds 54.21% stake in Maruti Suzuki India.

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