Maruti Suzuki shifts gear on surge in sales

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SMS BOS < SPACE > MF, MUTUAL FUND QUERY AT 56388
COS GETTING FRESH FDI IN SECTORS WHERE FDI CAPS HAVE GONE UP: SOURCES
NEW NORMS TO CONSIDER TOTAL FOREIGN INVESTMENT NOT TOTAL INVESTMENT: SRCS
CCEA NOD NEEDED ONLY FOR INVESTMENTS OF RS.1200 CR AND ABOVE: SOURCES
GOVT TO EASE NORMS FOR FDI REQUIRING CABINET APPROVAL: SOURCES
NO PLANS TO OFFER HOME LOANS AT 8%: NW
OCTOBER UNEMPLOYMENT RATE RISES TO 10.2% VS 9.8% (MOM)
EMPLOYERS CUT PAYROLLS BY 190,000 IN OCTOBER VS ESTIMATE OF 175,000
FOREIGN FUNDS NET BUY RS.587.02 CR IN EQUITIES ON NOVEMBER 6 (PROVISIONAL)
DOMESTIC FUNDS NET BUY RS.236.62 CR IN EQUITIES ON NOVEMBER 6 (PROVISIONAL)
KINGFISHER RAISES FUEL SURCHARGE BY RS.200 ON SECTORS MORE THAN 1000 KM
KINGFISHER RAISES FUEL SURCHARGE BY RS.100 ON SECTORS UPTO 1000 KM
JET AIRWAYS RAISES FUEL SURCHARGE BY RS.100-150 ON SECTORS UPTO 1000 KM
NET PROFIT AT $455 MN VS LOSS OF $24.6 BN (YOY)
TOTAL REVENUES AT $26.05 BN VS $898 MN (YOY)
MUTUAL FUNDS NET BUY RS.34.3 CR IN EQUITIES ON NOVEMBER 5
FOREIGN FUNDS NET BUY RS.267.6 CR ($56.8 MN) IN EQUITIES ON NOVEMBER 5
OVER 7% GROWTH ACHIEVABLE IN FY'11
TO EXPLORE STIMULUS EXIT MODE NOW; WINDING DOWN STIMULUS TO CUT DEFICIT
SENSEX UP 1.65%, NIFTY UP 1.8% FOR THE WEEK
CNX MIDCAP INDEX UP 3.9%, BSE SMALLCAP INDEX UP 1.6%
BSE PSU INDEX UP 4.77%, REALTY UP 4.4%, METAL INDEX UP 4%
INDEX GAINERS: BHARTI UP 9.4%, JP ASSOCIATES UP 8.6%, IDFC UP 7%
GETS U.S. FDA NOD FOR GENERIC ACULAR
TO RAISE UPTO $300 MN VIA FCCBS
EXTENDING 8% HOME LOAN SCHEME TILL 31ST MARCH , 2010
INDIAN RAILWAYS SHOULD RATIONALISE PASSENGER FARES UPWARD
TO RAILWAYS: STOP CROSS SUBSIDISING FARES AND FREIGHTS
IMPOSES 20% SAFEGUARD DUTY ON IMPORT OF SODA ASH
ROAD DEFICIT REMAINS THE GREATEST PROBLEM IN INFRASTRUCTURE IN INDIA

Updated: 02/05/2008 | 12:00 AM IST

Manufacturing

Capital Market

Friday, May 02, 2008 (New Delhi)

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Meanwhile, the BSE Sensex was up 274.98 points, or 1.62%, at 17567.17, on positive cues from the global markets.

On BSE, 48,331 shares were traded in the counter. The scrip had an average daily volume of 1.70 lakh shares in the past one quarter.

The stock hit a high of Rs 777.90 and a low of Rs 749 so far during the day. The stock had a 52-week high of Rs 1252 on 29 October 2007 and a 52-week low of Rs 700 on 22 January 2008.

The scrip had underperformed the market over the past one month till 30 April 2008, falling 8.99% compared to the Sensex’s 10.63% gain. It had also, underperformed the market in the past one quarter, declining 12.58% compared to Sensex’s 2.05% fall.

India’s biggest car-maker by sales has an equity capital of Rs 144.46 crore. Face value per share is Rs 5.

The current price of Rs 773 discounts its Q4 March 2008 annualised EPS of Rs 41.21, by a PE multiple of 18.75.

In April 2008, Maruti Suzuki sold 59,539 units in the domestic market compared with 48,652 units in April 2007. The company's exports grew 64.5% during the month compared with the year-ago period.

The net profit of Maruti Suzuki India fell 33.6% to Rs 297.68 crore on a 8% rise in sales to Rs 4783.88 crore in Q4 March 2008 over Q4 March 2007.

Maruti Suzuki is engaged in manufacturing, purchasing and selling of motor vehicles and spare parts. Japan-based Suzuki Motor Corporation owns 54.2% in the company.