Maruti Suzuki slips after suspending production to adjust inventory

Meanwhile, the S&P BSE Sensex was down 36.80 points, or 0.19%, to 19,482.69.

On BSE, 7,206 shares were traded in the counter as against an average daily volume of 78,817 shares in the past one quarter.

The stock hit a high of Rs 1,574.95 and a low of Rs 1,555 so far during the day. The stock had hit a record high of Rs 1,773.45 on 20 May 2013. The stock had hit a 52-week low of Rs 1,065 on 21 June 2012.

The stock had underperformed the market over the past one month till 6 June 2013, falling 6.25% compared with the Sensex's 0.78% fall. The scrip had, however, outperformed the market in past one quarter, rising 11.61% as against Sensex's 1.39% rise.

India's largest car maker by sales has an equity capital of Rs 151.04 crore. Face value per share is Rs 5.

Maruti Suzuki India has been producing about 5,000 vehicles per day on average at the two plants, located in Manesar and Gurgaon.

The one-day unscheduled shutdown comes ahead of a planned maintenance shutdown between 17 June 2013 and 22 June 2013. The plants also have a scheduled holiday on Saturday, 8 June 2013.

Maruti Suzuki India had announced on 4 June 2013 that its production fell 2.54% to 1.01 lakh units in May 2013 over May 2012. The company on 1 June 2013 reported 14.4% fall in total sales to 84,677 units in May 2013 over May 2012. The company's domestic sales declined 13% to 77,821 units in May 2013 over May 2012. Exports fell 27.1% to 6,856 units in May 2013 over May 2012.

Maruti Suzuki India's net profit jumped 93.7% to Rs 1239.62 crore on 13.7% growth in net sales to Rs 13056.26 crore in Q4 March 2013 over Q4 March 2012.

Japanese parent Suzuki Motor Corporation holds 56.21% stake in Maruti Suzuki India (as per the shareholding pattern as on 31 March 2013).

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