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Maruti Suzuki India gains after reporting strong production in July

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Capital Market

Maruti Suzuki India gained 0.27% to Rs 4,450 at 11:15 IST on BSE after the company said that its total production rose 19.46% to 1.33 lakh units in July 2015 over July 2014.

The company made announcement after market hours yesterday, 4 August 2015.

Meanwhile, the S&P BSE Sensex was up 194.92 points or 0.69% at 28,266.85.

On BSE, so far 11,717 shares were traded in the counter as against average daily volume of 38,446 shares in the past one quarter.

The stock hit a high of Rs 4,454.15, which was also a record high for the stock. The stock hit a low of Rs 4,425 so far during the day. The stock had hit a 52-week low of Rs 2,573 on 4 August 2014.

 

The stock had outperformed the market over the past one month till 4 August 2015, rising 10.9% compared with Sensex's 0.07% decline. The scrip had also outperformed the market in past one quarter, gaining 18.08% as against Sensex's 2.11% gain.

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

Maruti Suzuki India reported on 1 August 2015 that total vehicle sales rose 20.1% to 1.21 lakh units in July 2015 over July 2014. Total domestic sales rose 22.5% to 1.10 lakh units in July 2015 over July 2014. Exports rose 0.2% to 11,307 units in July 2015 over July 2014.

Maruti Suzuki India's net profit rose 56.5% to Rs 1192.92 crore on 16.6% rise in total income to Rs 13596.96 crore in Q1 June 2015 over Q1 June 2014.

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First Published: Aug 05 2015 | 10:56 AM IST

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