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Maruti Suzuki India gains after decent sales in December

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Capital Market

Maruti Suzuki India rose 0.82% to Rs 4,653 at 11:11 IST on BSE after the company said its total sales rose 8.5% to 1.19 lakh units in December 2015 over December 2014.

Meanwhile, the BSE Sensex was up 19.77 points, or 0.08%, to 26,137.31.

On BSE, so far 13,000 shares were traded in the counter, compared with an average volume of 60,095 shares in the past one quarter.

The stock hit a high of Rs 4,662.95 and a low of Rs 4,606.55 so far during the day. The stock hit a record high of Rs 4,789 on 23 November 2015. The stock hit a 52-week low of Rs 3,321.05 on 1 January 2015.

 

The stock had outperformed the market over the past one month till 31 December 2015, rising 0.84% compared with 0.11% decline in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 1.58% as against Sensex's 0.14% fall.

The large-cap company has an equity capital of Rs 151.04 crore. Face value per share is Rs 5.

Maruti Suzuki India's (MSIL) total domestic sales rose 13.5% to 1.11 lakh units in December 2015 over December 2014. Exports fell 33.1% to 7,816 units in December 2015 over December 2014.

MSIL's net profit rose 42.1% to Rs 1225.56 crore on 13.2% growth in net sales to Rs 13574.81 crore in Q2 September 2015 over Q2 September 2014.

Japanese parent Suzuki Motor Corporation held 56.21% stake in Maruti Suzuki India (as per the shareholding pattern as on 30 September 2015).

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First Published: Jan 01 2016 | 11:13 AM IST

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