Shares of Maruti Suzuki gains after good sales in November

Maruti Suzuki India's domestic passenger vehicle salesShares of Maruti Suzuki India Limited has risen 0.60% to Rs 8,653.50 post morning hours on Friday, on BSE after the company announced its total sales by growth of 14.1% to 1.54 lakh units. The growth indicated an overall volume rise of 14.1 percent as compared to November 2016.

The stock had hit a high and low of Rs 8,695 and Rs 8,633 respectively so far during the day. The stock hit a record high of Rs 8,695 on 29 Nov 2017 whereas it hit a 52-week low of Rs 5,040 on 7 Dec 2016. ..stock watch..

Maruti Suzuki India’s domestic passenger vehicle sales rose 15% at 1,45,300 units in November 2017 over November 2016, while export sales rose 0.8% at 9,300 units in November 2017. The net profit of the company rose 3.4% to Rs 2484.30 crore on 21.8% increase in net sales to Rs 21438.10 crore in Q2 Sept 2017 over Q2 Sept 2016.

Maruti Suzuki India is India’s biggest car maker in terms of market share. Japanese parent Suzuki Motor Corpn presently holds 56.21 percent stake in Maruti Suzuki India Limited, as per the shareholding pattern as on 30 Sept 2017.

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