Maruti turns volatile after reporting subdued October sales

Maruti Suzuki India lost 0.36% to Rs 5,877.40 at 11:30 IST on BSE after the company reported 0.3% decline in total sales to 1.33 lakh units in October 2016 over October 2015.

The company announced the monthly sales volume data during market hours today, 1 November 2016.

Meanwhile, the S&P BSE Sensex was up 7.30 points or 0.03% at 27,937.51.

On BSE, so far 47,000 shares were traded in the counter as against average daily volume of 64,444 shares in the past one quarter. The stock was volatile. The stock rose as much as 1.23% at the day's high of Rs 5,972 so far during the day, which is a record high for the counter. The stock lost as much as 0.72% at the day's low of Rs 5,856 so far during the day. The stock had hit a 52-week low of Rs 3,202.10 on 29 February 2016. The stock had outperformed the market over the past one month till 30 October 2016, advancing 7.66% compared with 0.23% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 24.05% as against Sensex's 0.43% fall.

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

Maruti Suzuki India's (Maruti) domestic sales rose 2.2% to 1.23 lakh units in October 2016 over October 2015. Exports declined 23.7% to 10,029 units in October 2016 over October 2015.

Maruti Suzuki India's net profit rose 60.2% to Rs 2398 crore on 29.5% growth in net sales to Rs 17594.60 crore in Q2 September 2016 over Q2 September 2015.

Maruti is India's biggest car maker in terms of market share. Japanese parent Suzuki Motor Corporation currently holds 56.21% stake in Maruti (as per the shareholding pattern as on 30 September 2016).

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