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Maruti Suzuki India rose 2.55% to Rs 1,702.20 at 11:19 IST on BSE after the Japanese yen weakened beyond 100 per dollar for the first time in four years.
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Maruti Suzuki skids after weak Q1 results

Capital Market/ 09:31 , Jul 30, 2012

Maruti Suzuki India fell 1.93% at Rs 1,089.95 at 9:25 IST on BSE after net profit declined 22.8% to Rs 423.80 crore on 27.5% growth in net sales to Rs 10529.20 crore in Q1 June 2012 over Q1 June 2011.

The result was announced on Saturday, 28 July 2012.

Meanwhile, the BSE Sensex was up 144.59 points, or 0.86%, to 16,983.78

On BSE, 14,159 shares were traded in the counter as against an average daily volume of 1.05 lakh shares in the past one quarter.

The stock hit a high of Rs 1,095.75 and a low of Rs 1,082.30 so far during the day. The stock had hit a 52-week high of Rs 1,428.20 on 16 March 2012. The stock had hit a 52-week low of Rs 905.55 on 19 December 2011.

The stock had underperformed the market over the past one month until 27 July 2012, falling 0.86% compared with the Sensex's 0.76% fall. The scrip had also underperformed the market in past one quarter, falling 19.48% as against 1.72% fall in the Sensex.

India's largest car maker by sales has an equity capital of Rs 144.46 crore. Face value per share is Rs 5.

Maruti Suzuki India said adverse yen-rupee exchange rate movement impacted profits adversely in Q1 June 2012. The car major attributed strong sales growth to higher volumes, favourable product mix and higher export realization. The company said demand continued to be skewed in favour of diesel cars while petrol cars suffered a sharp de-growth in Q1 June 2012.

Maruti Suzuki India's domestic sales rose 5% to 2.63 lakh units in Q1 June 2012 over Q1 June 2011. Exports increased 5.8% to 32,632 units. Total sales rose 5.1% to 2.95 lakh units.

Japanese parent Suzuki Motor Corporation holds 54.21% stake in Maruti Suzuki India (as at end 30 June 2012).

 



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