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Maruti Suzuki gains after decent production in June

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rose 0.70% to Rs 9370 at 9:42 IST on after the company said its total production rose 11.75% to 1.32 lakh units in June 2018 over June 2017.

The announcement was made after market hours on Friday, 6 July 2018.

Meanwhile, the Sensex was up 183.18 points, or 0.51% to 35,841.04.

On the BSE, 25,000 shares were traded in the counter so far compared with average daily volumes of 35,000 shares in the past two weeks. The stock had hit a high of Rs 9406 and a low of Rs 9351 so far during the day. The stock hit a record high of Rs 10,000 on 20 December 2017. The stock hit a 52-week low of Rs 7,377.75 on 11 August 2017.

India's total sales rose 36.3% to 1.44 lakh units in June 2018 over June 2017. Total domestic sales rose 45.5% to 1.35 lakh units, while total exports dropped 29% to 9,319 units in June 2018 over June 2017.

Net profit of rose 10.03% to Rs 1882.10 crore on 14.38% rise in net sales to Rs 20594.30 crore in Q4 March 2018 over Q4 March 2017.

Maruti Suzuki is India's biggest in terms of market share. Japanese parent currently holds 56.21% stake in (as per the shareholding pattern as on 31 March 2018).

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, July 09 2018. 09:49 IST