Maruti Suzuki India slips after tepid sales growth in September

Capital Market 

fell 0.59% to Rs 7,925.95 at 9:48 on after the company said its total sales rose 9.3% to 1.63 lakh units in September 2017 over September 2016.

The announcement was made on Sunday, 1 October 2017.

Meanwhile, the S&P Sensex was up 207.95 points, or 0.66% to 31,491.67.

On the BSE, 9,876 shares were traded in the counter so far, compared with average daily volumes of 35,000 shares in the past two weeks. The stock had hit a high of Rs 8,065 and a low of Rs 7,883 so far during the day.

India's domestic sales rose 10.3% at 1.51 lakh units in September 2017 over September 2016. Export sales fell 1.3% at 11,671 units in September 2017 over September 2016.

India's net profit rose 4.39% to Rs 1556.40 crore on 16.66% rise in net sales to Rs 17132.40 crore in Q1 June 2017 over Q1 June 2016.

is India's biggest car maker in terms of market share. Japanese parent Suzuki Motor Corporation currently holds 56.21% stake in (as per the shareholding pattern as on 30 June 2017).

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, October 03 2017. 09:48 IST