Maruti Suzuki India surged 3.42% to Rs 2,610.95 at 11:38 IST on BSE after the company said its total vehicles sales rose 21.7% to 1.01 lakh units in July 2014 over July 2013.
The company made the announcement during trading hours today, 1 August 2014.
Meanwhile, the BSE Sensex was down 104.40 points, or 0.4%, to 25,790.57
On BSE, so far 75,850 shares were traded in the counter, compared with an average volume of 43,866 shares in the past one quarter.
The stock hit a high of Rs 2,625 and a low of Rs 2,504 so far during the day. The stock hit a record high of Rs 2,663 on 2 July 2014. The stock hit a 52-week low of Rs 1,217 on 28 August 2013.
The stock had outperformed the market over the past one month till 31 July 2014, rising 3.53% compared with 1.89% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 31.62% as against Sensex's 15.51% rise.
The large-cap company has an equity capital of Rs 151.04 crore. Face value per share is Rs 5.
Maruti Suzuki India's total domestic sales rose 19.9% to 90,093 units in July 2014 over July 2013. Total exports rose 38.4% to 11,287 units in July 2014 over July 2013. Total passenger car sales rose 15.5% to 72,782 units in July 2014 over July 2013.
Maruti Suzuki India's net profit rose 20.7% to Rs 762.28 crore on 11.7% rise in total income to Rs 11666.17 crore in Q1 June 2014 over Q1 June 2013. The Q1 result was announced during trading hours on Thursday, 31 July 2014, when the stock fell 1.07% to settle at Rs 2,524.50.
Maruti Suzuki India's total sales rose 12.6% to 299,894 vehicles in Q1 June 2014 over Q1 June 2013. Sales in the domestic market rose 10.3% to 270,643 units in Q1 June 2014 over Q1 June 2013. Exports rose 38.7% to 29,251 units in Q1 June 2014 over Q1 June 2013.
Maruti Suzuki India said that the company's cost reduction and localization initiatives, growth in volumes and favourable foreign exchange helped improve the bottomline during Q1 June 2014.
Japanese parent Suzuki Motor Corporation holds 56.21% stake in Maruti Suzuki India (as per the shareholding pattern as on 30 June 2014).
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