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04-Jan2013

Maruti Suzuki trades higher on the bourses

Maruti Suzuki India is currently trading at Rs 1547.60, up by 4.65 points or 0.30% from its previous closing of Rs 1542.95 on the BSE.

The scrip opened at Rs 1558.00 and has touched a high and low of Rs 1558.00 and Rs 1539.65 respectively. So far 8763 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 5 has touched a 52 week high of Rs 1567.80 on 03-Jan-2013 and a 52 week low of Rs 927.10 on 05-Jan-2012.

Last one week high and low of the scrip stood at Rs 1567.80 and Rs 1482.00 respectively. The current market cap of the company is Rs 44781.06 crore.

The promoters holding in the company stood at 54.21% while Institutions and Non-Institutions held 36.60% and 9.19% respectively.

Maruti Suzuki, country's largest car maker's Rs 4,000 crore plant at Bechraji in Mehsana district of north Gujarat is expected to be commissioned by middle of 2015. The Bechraji unit will manufacture 250,000 cars per annum, while two other plants of the company located at Gurgaon and Manesar in Haryana have been manufacturing 17.5 lakhs car per annum. Further, with Becharaji unit, total production of cars of the company will go higher up to 20 lakhs per annum.

Maruti Suzuki reported 3.2% increase in total sales for December at 95,145 units as against 92,161 units in the same month last year. The domestic sales of the company during the month stood at 82,073 units, up by 5.9% compared to 77,475 units in December last year. However, the company's export registered a drop of 11% during the month which stood at 13,072 units as compared to 14,686 units in December last year.

The company's total passenger car sales in the domestic market decline by 0.9% to 68,729 units against 69,329 units in the same month of 2011. Similarly, sales of mini-segment cars, including M800, A-Star, Alto and WagonR, fell by 15.0% to 32,797 units during the month from 38,593 units in December last year.


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