Maruti Suzuki India rose 2.13% to Rs 4,856.70 at 10:43 IST on BSE after the company reported 12.7% growth in total sales to 1.37 lakh units in July 2016 over July 2015.
The announcement was made during market hours today, 1 August 2016.Meanwhile, the BSE Sensex was up 208.12 points, or 0.74%, to 28,259.98.
On BSE, so far 34,000 shares were traded in the counter, compared with an average daily volume of 75,142 shares in the past one quarter. The stock hit a high of Rs 4,871 so far during the day, which is a record high for the counter. The stock hit a low of Rs 4,775.60 so far during the day. The stock 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 29 July 2016, rising 15.16% compared with 4.9% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 25.30% as against the Sensex's 9.55% rise.
The large-cap company has an equity capital of Rs 151.04 crore. Face value per share is Rs 5.
Maruti's domestic sales rose 13.9% to 1.25 lakh units in July 2016 over July 2015. This is the company's record monthly sales in the domestic market. The company's exports rose 0.3% to 11,338 units in July 2016 over July 2015.
Maruti's net profit rose 23% to Rs 1486.20 crore on 12.1% rise in net sales to Rs 14654.50 crore in Q1 June 2016 over Q1 June 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 June 2016).
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