Maruti Suzuki India slips after weak May sales

Maruti Suzuki India was down 0.78% to 6809.95 at 9:18 IST on the BSE after the company reported 22% decline in total vehicle sales to 1.34 lakh units in May 2019 over May 2018.

The announcement was made on Saturday, 1 June 2019.

Meanwhile, the S&P BSE Sensex was up 89.48 points, or 0.23% to 39,803.68.

On the BSE, 4190 shares were traded in the counter so far compared with average daily volumes of 62,000 shares in the past two weeks. The stock had hit a high of Rs 6845.10 and a low of Rs 6748 so far during the day. It hit a 52-week high of Rs 9,922.85 on 24 July 2018 and a 52-week low of Rs 6,324.35 on 28 January 2019.

 

Maruti Suzuki India's total domestic passenger vehicle sales declined 25.1% to 1.21 lakh units. Total export sales fell by 2.4% to 9089 units in May 2019 over May 2018.

Maruti Suzuki India's net profit declined 4.6% to Rs 1795.60 crore on 0.7% rise in net sales to Rs 20737.50 crore in Q4 March 2019 over Q4 March 2018.

Maruti Suzuki India is India's largest passenger car company.

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