Maruti shares fall over 1% post Q1 results

Shares of Maruti Suzuki India today went down by more than 1 per cent on profit-taking even as the company reported 20.69 per cent increase in net profit for the first quarter ended June 30.
Shares of the country's largest carmaker ended 1.07 per cent down at Rs 2,524.50 on the BSE. During the trade, it fell by 1.52 per cent to Rs 2,513.
On the NSE, the stock settled with a loss of 1.19 per cent at Rs 2,522.
"Maruti fell after Q1 FY15 results. Though results were in-line with market expectations, profit-booking was primary reason for the fall," said Nidhi Saraswat, Senior Research Analyst, Bonanza Portfolio Ltd.

Driven by robust sales and forex gains, the country's largest carmaker Maruti Suzuki India today reported 20.69 per cent increase in net profit at Rs 762.28 crore for the first quarter ended June 30, 2014-15.
It had posted net profit of Rs 631.60 crore in the same period of 2013-14, MSI said in a statement.
Net sales during Q1, 2014-15 stood at Rs 11,073.51 crore, up 10.78 per cent as against Rs 9,995.12 crore in the April- June quarter of last fiscal.