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Maruti Suzuki pares gains in volatile trade after reporting weak sales in March

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Capital Market

Maruti Suzuki India rose 0.05% to Rs 3,701.15 at 10:55 IST on BSE after the company said total sales fell 1.6% to 1.11 lakh units in March 2015 over March 2014.

The company made announcement during market hours today, 1 April 2015.

Meanwhile, the BSE Sensex was up 10 points, or 0.03%, to 27,964.77.

On BSE, so far 15,252 shares were traded in the counter, compared with an average volume of 35,864 shares in the past one quarter.

At the day's high of Rs 3,755.65, the stock rose 1.52%. At the day's low of Rs 3,697.05, the stock fell 0.05%, so far during the day. The stock hit a record week high of Rs 3,785.15 on 4 March 2015. The stock hit a 52-week low of Rs 1,867 on 5 May 2014.

 

The stock had outperformed the market over the past one month till 31 March 2015, gaining 2.24% compared with 4.78% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 11.15% as against Sensex's 1.67% rise.

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

Maruti Suzuki India said domestic sales rose 1.4% to 1.03 lakh units in March 2015 over March 2014. Exports dropped 29.3% to 7,836 units in March 2015 over March 2014.

Category-wise sales of mid-size segment witnessed sharp jump of 934.3% to 4,251 units in March 2015 over March 2014 on account of huge demand for Ciaz car model.

Maruti Suzuki India's net profit rose 17.8% to Rs 802.16 crore on 15.4% growth in total income to Rs 12704.72 crore in Q3 December 2014 over Q3 December 2013.

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First Published: Apr 01 2015 | 10:44 AM IST

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