Maruti Suzuki shares hit their new all-time high of Rs 4,888 on Monday after the car maker reported a 12.7 per cent increase in its total sales in July at 1,37,116 units as against 1,21,712 units in the corresponding month last year.
Before closing 2.41 per cent up at Rs 4869.80. Shares of Maruti Suzuki touched intraday high and low of Rs 4,888 and Rs 4,775.60, respectively. However, Sensex closed 48.74 points up at 28,003.12.
Domestic sales of the company grew by 13.9 per cent year-on-year to 125778 units as compared to 110405 units in the same quarter last year. July sales is company’s highest-ever monthly sales in the domestic market.
Passenger Cars sale of the company jumped by 2.2 per cent year-on-year to 93,634 units from 91,602 units in the same period last year. Export sales grew by 0.3 per cent year-on-year to 11,338 units in July 2016.
Market Suzuki also announced (after market hours) an increase in prices of selected models ranging from Rs 1,500 to Rs 5,000 (Ex-showroom). However, in the case of Vitara Brezza and Baleno, the company hiked prices by upto Rs 20,000 and upto Rs 10,000, respectively.