Maruti Suzuki declines on reporting fall in April sales

Maruti Suzuki India Ltd. | Automobiles - Passenger Cars | Automobiles | BSE: 532500 | NSE: MARUTI

02 May 2014 Evaluate

Maruti Suzuki India is currently trading at Rs 1885.80, down by 32.20 points or 1.68% from its previous closing of Rs 1918.00 on the BSE.

The scrip opened at Rs 1890.00 and has touched a high and low of Rs 1907.60 and Rs 1883.20 respectively. So far 31250 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 5 has touched a 52 week high of Rs 2007.60 on 22-Apr-2014 and a 52 week low of Rs 1217.00 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs 1999.90 and Rs 1910.00 respectively. The current market cap of the company is Rs 56985.89 crore.

The promoters holding in the company stood at 56.21%, while Institutions and Non-Institutions held 35.96% and 7.83% respectively.

Country’s largest car maker Maruti Suzuki India (MSI) reported 11.4% fall in total sales at 86,196 units in April 2014, against 97,302 units in the same month last year.

The company’s domestic sales declined 12.60% during the month to 79,119 units, as against 90,523 units in April, 2013. However, export sales increased 4.4% during the month to 7,077 units as against 6,779 units in April 2013.

Sales of compact cars were up 9.90% during the month at 23,659 units as against 21,535 units in the same month last year, while van sales decreased 4.30% to 8,322 units in April as against 8,696 units. Moreover, sales of compact sedan Dzire declined by 17.70% at 16,008 units last month, as compared with 19,446 units in April 2013.