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Maruti Suzuki surges despite reporting 40.8% decline in August 2012 sales

03 Sep 2012 Evaluate

Maruti Suzuki India is currently trading at Rs. 1151.10, up by 12.55 points or 1.10% from its previous closing of Rs. 1138.55 on the BSE.

The scrip opened at Rs. 1138.00 and has touched a high and low of Rs. 1156.70 and Rs. 1128.05 respectively. So far 15782 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1428.20 on 16-Mar-2012 and a 52 week low of Rs. 905.55 on 19-Dec-2011.

Last one week high and low of the scrip stood at Rs. 1196.65 and Rs. 1128.05 respectively. The current market cap of the company is Rs. 33311.33 crore.

The promoters holding in the company stood at 54.21% while Institutions and Non-Institutions held 36.71% and 9.08% respectively.

Maruti Suzuki India, the country’s largest carmaker has reported a 40.8% decline in total sales for August at 54,154 units as against 91,442 units in the same month last year. This fall in sales can be attributed to a month-long lockout due to violence at its Manesar plant. 

The domestic sales of the company during the month stood at 50,129 units, down by 35% compared to 77,086 units in August last year. The company’s popular compact sedan Dzire was down by 60.7% to 3,085 units during the month, which was hampered by the production constraints. The company’s other best-selling model like Swift, along with Estilo and Ritz, together clocked 6,059 units in August this year, down 62.2% from last year.

Besides, sales of small cars, including the M800, Alto, A-Star and Wagon R, declined by 41.2% to 22,062 units. The sale of the mid-sized sedan SX4 fell by 76.4% to 447 units while the company was unable to sell its luxury sedan Kizashi during the period.

Further, the company’s export declined by 72% during the month which stood at 4,025 units as compared to 14,356 units in August last year.

Maruti Suzuki Share Price

13493.00 40.75 (0.30%)
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