Maruti turns volatile after reporting Q4 numbers

Maruti Suzuki India was down 0.27% to Rs 6,390 at 13:49 IST on BSE after net profit rose 15.8% to Rs 1709 crore on 20.3% growth in net sales to Rs 18005.20 crore in Q4 March 2017 over Q4 March 2016.

The result was announced during market hours today, 27 April 2017.

Meanwhile, the S&P BSE Sensex was up 6.25 points or 0.02% at 30,139.60.

On the BSE, 57,000 shares were traded on the counter so far as against the average daily volumes of 51,538 shares in the past one quarter. The stock was volatile. The stock lost as much as 1.01% at the day's low of Rs 6,342.30 so far during the day. The stock rose as much as 0.57% at the day's high of Rs 6,444 so far during the day, which is a record high.

The stock had hit a 52-week low of Rs 3,691 on 26 April 2016. It had outperformed the market over the past one month till 26 April 2017, advancing 6.7% compared with the Sensex's 2.42% rise. The scrip had also outperformed the market over the past one quarter, gaining 10.53% as against the Sensex's 8.75% rise.

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

Growth in volumes, increase in share of the company's higher segment models, benefits due to full capacity utilization and cost reduction efforts contributed to increase in profits. This was partially offset by increase in commodity prices and adverse forex movement.

Maruti Suzuki India is India's biggest car maker in terms of market share. Japanese parent Suzuki Motor Corporation currently holds 56.21% stake in Maruti Suzuki India (as per the shareholding pattern as on 31 March 2017).

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