Maruti shares down 2 pc post Q1 results

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Shares of Maruti Suzuki India today fell by nearly 2 per cent even as the company reported a 23 per cent jump in net profit for the first quarter.
The stock lost 1.44 per cent to settle at Rs 4,485.25 on BSE. During the day, it went down by 1.99 per cent to Rs 4,460.
On NSE, shares of the company slipped 1.74 per cent to close at Rs 4,471.30.
On the volume front, 1.78 lakh shares of the company were traded on BSE and over 18 lakh shares changed hands at NSE during the day.
The country's largest carmaker Maruti Suzuki India today reported 23 per cent jump in net profit for the first quarter to Rs 1,486.2 crore, its best-ever quarterly result, on the back of material cost reduction and higher non-operating income.

The auto major had posted a net profit of Rs 1,208.1 crore for the same period in the previous fiscal.
Net sales rose by 12.1 per cent to Rs 14,654.5 crore for the first quarter as against Rs 13,078.3 crore last year, Maruti Suzuki India said in a statement.