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Maruti Suzuki India hits record high after increase in production

The logo of Maruti Suzuki India Limited is seen on a glass door at a showroom in New Delhi

The logo of Maruti Suzuki India Limited is seen on a glass door at a showroom in New Delhi

 

  Maruti Suzuki India has gained around 2% at Rs 5,260 on the BSE after the company announced that its total production rose 3.25% to 1.27 lakh units in August 2016 over August 2015.

On BSE, so far 9,002 shares were traded in the counter, compared with average daily volume of 79,205 shares in the past one quarter. The stock hit a high of Rs 5,245.50 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 5,190.10 so far during the day.

The stock hit a 52-week low of Rs 3,202.10 on 29 February 2016. The stock had outperformed the market over the past 30 days till 2 September 2016, rising 5.54% compared with 2.95% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 22.24% as against Sensex's 6.29% rise.

The large-cap company has equity capital of Rs 151.04 crore. Face value per share is Rs 5. Maruti Suzuki India reported 12.2% growth in total sales to 1.32 lakh units in August 2016 over August 2015.