Maruti Suzuki retracts from record high after declaring Q2 result

Maruti Suzuki India fell 0.54% to Rs 5,840 at 13:45 IST on BSE after net profit rose 60.18% to Rs 2398 crore on 30.52% growth in total income to Rs 21109.40 crore in Q2 September 2016 over Q2 September 2015.

The result was announced during market hours today, 27 October 2016.

Meanwhile, the BSE Sensex was up 15.02 points, or 0.05%, to 27,851.53

On BSE, so far 1.71 lakh shares were traded in the counter, compared with average daily volume of 65,121 shares in the past one quarter. The stock hit a high of Rs 5,950.20 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 5,844 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 26 October 2016, rising 6.55% compared with 1.37% decline in the Sensex. The scrip also outperformed the market in past one quarter, surging 23.29% as against Sensex's 1.32% decline.

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

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 September 2016).

Powered by Capital Market - Live News