Maruti Suzuki slips as October production declines

Maruti Suzuki India fell 1.53% to Rs 1,588.20 at 11:28 IST on BSE as the company's production declined 5.51% to 1.01 lakh units in October 2013 over October 2012.

The announcement was made after trading hours on Thursday, 7 November 2013.

Meanwhile, the S&P BSE Sensex was down 77.71 points, or 0.37%, to 20,745.06

On BSE, 14,093 shares were traded in the counter compared with average volume of 71,994 shares in the past one quarter.

The stock hit a high of Rs 1,614.90 and a low of Rs 1,585.05 so far during the day. The stock hit a record high of Rs 1,773.45 on 20 May 2013. The stock hit a 52-week low of Rs 1,217 on 28 August 2013.

The stock outperformed the market over the past one month till 7 November 2013, rising 14.65% compared with the Sensex's 4.66% gain. The scrip also outperformed the market in past one quarter, rising 20.88% as against Sensex's 11.56% advance.

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

Maruti Suzuki India said that production of mini cars comprising of Alto, A Star and Wagon R rose 2.73% to 49,013 units in October 2013 over October 2012. Production of compact car including Ritz, Swift and Estillo fell 6.43% to 20,923 units in October 2013 over October 2012. Production of cars in super compact, midsize and executive class including DZire, SX4, Kizashi fell 4.57% to 15,855 units in October 2013 over October 2012. Production of utility vehicles including Gypsy, Ertiga and Grand Vitara fell 11.25% to 6,704 units in October 2013 over October 2012. Production of vans including Eeco and Omni fell 31.86% to 8938 units in October 2013 over October 2012.

Maruti Suzuki India had said on 1 November 2013 that its total sales rose 1.9% to 1.05 lakh vehicles in October 2013 over October 2012.

Maruti Suzuki India's net profit jumped 194.7% to Rs 670.20 crore on 26.5% growth in net sales to Rs 10211.80 crore in Q2 September 2013 over Q2 September 2012.

Japanese parent Suzuki Motor Corporation holds 56.21% stake in Maruti Suzuki India (as per the shareholding pattern as on 30 September 2013).

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