Maruti Suzuki Ltd shares surged almost 1% on March sales:
Maruti Suzuki: It is one of the largest automobile manufacturing companies in India located in New Delhi. Initially, the company was also known as Maruti Udyog and later changed into Maruti Suzuki. The main reason for this is the company works under the subsidiary of the Japanese automotive manufacturer Suzuki Motor Corporation.
Whereas the company manufacture products like Automobiles, Commercial vehicles, Automotive parts, Trucks, and SUVs. The present Managing Director (MD) & Chief Executive Officer (CEO) of the company is Kenichi Ayukawa.
Meanwhile. on Thursday, April 1st, the shares of the automotive company surged almost 1% in the stock market. The main reason for this is the company reported their “March sales” during the financial year 2021-22.
Whereas the company’s total sales for the month of March increased by 99.30% to 1.67 lakh units as against 83,792 units in the same month last financial year. The domestic sales of the company increased by 96.50% to 1.55 lakh units compared to 79,080 in the same period last year. The exports of the company increased by 146.10% Year-on-Year (YoY) to 11,597 units as against 4,712 units.
Moreover, the companies domestic passenger vehicle sales increased by 98.12% to 1,46,203 units in March as against 76,240 units in the same month last year. While the company also reported its Mini and Compact vehicle segment growth at 97.25% to 1,06,854 units compared to 86,507 units YoY. Besides, the Utility sales of the company increased by 124% to 26,174 units.
On the other side, the company touched its 52-week high at Rs. 8,400 on January 13th, 2021, and a 52-week low at Rs. 4,002 on April 3rd, 2020.
However, the shares of Maruti Suzuki Limited reported a bullish trend in the stock market on Thursday. It gained 23.80 points with a 0.35% increase and reached 6,880.00 INR. While in BSE, the company gained 20.05 points with a 0.29% increase and reached 6,879.80 INR.
Stock Market on April 1st:
On Thursday, both Sensex and Nifty reported a bullish trend in the stock market after bearish reports in the last session of the market. The Sensex is trading above 49,500 levels and nifty trading above 14,720 levels in the stock market. The Sensex gained 70.66 points with a 0.14% increase and reached 49,580.30 levels. While the nifty gained 41.45 points with a 0.31% increase and reached 14,736.00 levels.
On the other side, the number of coronavirus cases in India on Thursday, April 1st reached 1,22,21,665 with almost 1,62,927 deaths.
In the border markets, the S&P BSE SmallCap index reported a bullish trend in the stock market on Thursday. It gained 284.68 points with a 1.38% increase and reached 20,934.68 levels. But, the S&P BSE MidCap gained 128.49 points with a 0.64% increase and reached a 20,310.74 level. While the Nifty Bank gained 15.60 points with a 0.04% increase and reached 33,318.75 level.
Top Gainers on April 1st: JSW Steel, Hindalco Industries, Tata Steel, Adani Ports, and Hero Motocorp are the top gainers in today’s stock market.
Top Losers on April 1st: HDFC Life, M&M, HDFC Bank, Nestle India, and HUL is the only top loser in today’s stock market.