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Maruti Suzuki hits 52-week high on price hike buzz

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Capital Market Mumbai

Meanwhile, the BSE Sensex was up 39.88 points, or 0.20%, to 19,526.68.

On BSE, 45,000 shares were traded in the counter as against an average daily volume of 67,859 shares in the past one quarter.

The stock hit a high of Rs 1,537 so far during the day, which is also a 52-high for the counter. The stock hit a low of Rs 1,493.95 so far during the day. The stock had hit a 52-week low of Rs 905.55 on 19 December 2011.

The stock had underperformed the market over the past one month till 6 December 2012, rising 1.84% compared with the Sensex's 3.56% rise. The scrip had, however, outperformed the market in past one quarter, spurting 25.12% as against Sensex's 12.34% rise.

 

India's largest car maker by sales has an equity capital of Rs 144.46 crore. Face value per share is Rs 5.

According to reports, the company will hike prices due to increasing pressure on its margins due to currency fluctuation.

Maruti Suzuki currently sells a variety of models starting from Alto to Kizashi at a price range starting from Rs 2.09 lakh to Rs 17.52 lakh (ex-showroom Delhi).

Maruti Suzuki's total vehicle sales rose 12.5% to 1,03,200 units in November 2012 over November 2011. Total domestic sales rose 9.7% to 90,882 units in November 2012 over November 2011. Total export sales jumped 38.4% to 12,318 units in November 2012 over November 2011.

Maruti Suzuki India's net profit declined 5.4% to Rs 227.50 crore on 8.5% growth in net sales to Rs 8070.10 crore in Q2 September 2012 over Q2 September 2011.

The company said the year-on-year decline in net profit was due to lower non-operating income. The growth in net sales was on account of sales of new model 'Ertiga' and enhanced export realizations.

While earnings before interest, depreciation, taxation and amortization (EBITDA) rose 15.4% year-on-year, a 30.4% surge in depreciation resulted in fall in bottom line, Maruti Suzuki India said in a statement. Maruti said it enhanced sales promotion measures for petrol driven cars in Q2 September 2012 in a bid to counter subdued demand for petrol driven cars in India, which adversely impacted profitability.

Maruti said it continues to focus on component localisation and reduction in cost and overheads. The company said that it had a customer wait list of nearly 1.25 lakh units for its diesel vehicles.

Japanese parent Suzuki Motor Corporation holds 54.21% stake in Maruti Suzuki India.

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First Published: Dec 07 2012 | 11:32 PM IST

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