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Wednesday, 31 October 2012

Share Market Tips


 Maruti Suzuki India rose 1.31% at Rs 1,455 at 10:53 IST on BSE after company said total vehicle sales spurted 85.5% to 1.03 lakh units in October 2012 over October 2011.

The company disclosed October 2012 sales during trading hours today, 1 November 2012.

Meanwhile, the BSE Sensex was down 38.68 points, or 0.21%, to 18,466.70.

On BSE, 78,000 shares were traded in the counter as against an average daily volume of 65,040 shares in the past one quarter.

The stock hit a high of Rs 1,458 so far during the day, which is also a 52-week high for the counter. The stock hit a low of Rs 1,438.15 so far during the day. The stock had hit a 52-week low of Rs 905.55 on 19 December 2011.

The stock had outperformed the market over the past one month till 31 October 2012, rising 6.40% compared with the Sensex's 1.37% fall. The scrip had also outperformed the market in past one quarter, gaining 26.76% as against Sensex's 7.36% rise.

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 total passenger car sales surged 93.8% to 79,811 units in October 2012 over October 2011. Total domestic sales jumped 86.6% to 96,002 units, while total exports rose 71.8% to 7,106 units in October 2012 over October 2011.

Maruti Suzuki India during trading hours on Tuesday, 30 October 2012, said its net profit declined 5.4% to Rs 227.50 crore on 8.5% growth in net sales to Rs 8070.10 crore in Q2 September 2012 over Q2 September 2011.

The company said the year-on-year decline in net profit was due to lower non-operating income. The growth in net sales was on account of sales of new model "Ertiga" and enhanced export realizations.

While earnings before interest, depreciation, taxation and amortization (EBITDA) rose 15.4% year-on-year, a 30.4% surge in depreciation resulted in fall in bottom line, Maruti Suzuki India said in a statement. Maruti said it enhanced sales promotion measures for petrol driven cars in Q2 September 2012 in a bid to counter subdued demand for petrol driven cars in India, which adversely impacted profitability.

Maruti said it continues to focus on component localisation and reduction in cost and overheads. The company said that it had a customer wait list of nearly 1.25 lakh units for its diesel vehicles.

Japanese parent Suzuki Motor Corporation holds 54.21% stake in Maruti Suzuki India.

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