Maruti turns volatile after reporting monthly sales volume data

Maruti Suzuki India dropped 0.92% to Rs 4,129 at 12:18 IST on BSE, with the stock declining in volatile trade after the company reported 6.4% growth in total sales to 1.17 lakh units in August 2015 over August 2014.

The company announced the monthly sales volume data during market hours today, 1 September 2015.

Meanwhile, the S&P BSE Sensex was down 335.42 points or 1.28% at 25,947.67.

On BSE, so far 36,000 shares were traded in the counter as against average daily volume of 38,975 shares in the past one quarter.

The stock dropped as much as 1.4% at the day's low of Rs 4,108.80 so far during the day. The stock rose as much as 0.83% at the day's high of Rs 4,202.50 so far during the day. The stock had hit a record high of Rs 4,689.20 on 20 August 2015. The stock had hit a 52-week low of Rs 2,791.25 on 1 September 2014.

The stock had outperformed the market over the past one month till 31 August 2015, sliding 3.76% compared with Sensex's 6.51% fall. The scrip had also outperformed the market in past one quarter, surging 10.09% as against Sensex's 5.55% fall.

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

Maruti Suzuki India's (MSIL) domestic sales rose 8.6% to 1.06 lakh units in August 2015 over August 2014. Exports dropped 11.1% to 11,083 units in August 2015 over August 2014.

Maruti Suzuki India's net profit rose 56.5% to Rs 1192.92 crore on 18.1% growth in net sales to Rs 13078.32 crore in Q1 June 2015 over Q1 June 2014.

Japanese parent Suzuki Motor Corporation holds 56.21% stake in Maruti Suzuki India (as per the shareholding pattern as on 30 June 2015).

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