Maruti Suzuki rises on good MoM sales

Maruti Suzuki India rose 1.56% to Rs 6,822 after the total auto sales rose 15.24% to 1.22 lakh units in September 2019 over August 2019.

The total sales fell 24.4% to 1.22 lakh units in September 2019 over September 2018.

Total domestic sales fell 24.8% to 1.15 lakh units while total export sales fell 17.8% to 7,188 lakh units in September 2019 over September 2018. The announcement was made during market hours today, 1 October 2019.

Shares of Maruti Suzuki India fell 2.08% in the past two trading sessions to settle at Rs 6,717.30 yesterday, 30 September 2019, from its close of Rs 6,860.10 on 26 September 2019.

Meanwhile, the S&P BSE Sensex was up 163 points or 0.42% to 38,830.58.

On the BSE, 31,991 shares were traded in the counter so far compared with average daily volumes of 1.86 lakh shares in the past two weeks. The stock hit an intraday high of Rs 6,837 and an intraday low of Rs 6,677 so far during the day.

The stock hit a 52-week high of Rs 7,929 on 19 December 2018. The stock hit a 52-week low of Rs 5,447 on 31 July 2019.

Maruti Suzuki India's consolidated net profit fell 31.7% to Rs 1,376.30 crore on a 14.1% decline in net sales to Rs 18,738.80 crore in Q1 June 2019 compared with Q1 June 2018.

Maruti Suzuki India is engaged in the manufacture, purchase and sale of motor vehicles, components and spare parts (automobiles). The other activities of the automobile giant comprise the facilitation of pre-owned car sales, fleet management and car financing.

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