Maruti Suzuki gains on posting good sales for December

Shares of Maruti Suzuki have inched up by 0.5% at Rs 4,631 on the BSE on reporting a 13.5% increase in domestic sales for December 2015.

The increase was led by strong demand for compact segment vehicles such as Baleno (launched in October last year) and the utility vehicles such as S Cross.

Maruti's domestic sales in the nine-month ending December 2015 rose 13.9% to 971,958 units. Exports in the same month saw a moderate growth of 5.1% to 96,888 units.

At 12:57 pm, the stock up 0.5% at Rs 4,638 as compared to 0.1% decline in Sensex. A combined 184,143 shares changed hands on the counter of the NSE and BSE so far.