Maruti Suzuki India shares surge over 4% on good August sales data

Sep 02 2013, 22:33 IST
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SummaryShares of Maruti Suzuki India rose by over 4 per cent after the car- maker reported 61.24 per cent rise in total sales.

Shares of Maruti Suzuki India today rose by over 4 per cent after the country's largest car- maker reported 61.24 per cent rise in total sales in August.

Boosted by the smart sales number, shares of Maruti ended the day 4.45 per cent higher at Rs 1,299.45 on the BSE. In intra-day, the stock rallied 5.1 per cent to Rs 1,244.05.

The scrip was the second best performer on the Sensex after Tata Steel.

At the NSE, the stock closed with a gain of 4.45 per cent to Rs 1,298.95.

MSI today reported 61.24 per cent increase in total sales in August at 87,323 units as against 54,154 units in the same month last year.

The company said its domestic sales increased by 51.6 per cent during the month to 76,018 units as against 50,129 units in August last year.

Exports during the month surged nearly three fold to 11,305 units as compared to 4,025 units in August last year, MSI said.

Meanwhile, in the stock market, the BSE benchmark Sensex ended the day at 18,886.13, up 266.41 points.

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