Maruti Suzuki shifts gear on surge in sales

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MAY JOIN RACE FOR SHELL'S EUROPEAN REFINERIES: SOURCES
SENSEX, NIFTY UP 1% EACH FOR THE WEEK
CNX MIDCAP INDEX UP 1%, BSE SMALLCAP INDEX UP 1.6%
METAL INDEX UP 3.7%, AUTO INDEX UP 2.3%, FMCG UP 1.5%
INDEX GAINERS: SUZLON UP 9.3%, TATA STEEL UP 6.3%, SAIL UP 5.3%
RIL SPOKESPERSON TO NDTV: 'REVIEWS CANNOT ASSURE TRANSACTIONS'
RIL SPOKESPERSON: 'WE ARE REVIEWING A NUMBER OF GLOBAL OPPORTUNITIES'
ESSAR-SHELL IN EXCLUSIVE NEGOTIATIONS TILL NOV 30 TO BUY 3 SHELL REFINERIES
APPROACHED SHELL FOR BUYOUTS BEFORE ESSAR'S EXCLUSIVE TALKS BEGUN
JSW ENERGY ALSO IN RACE FOR ANDREW YULE'S DPSC STAKE: NW
CESC, SREI INFRA IN RACE FOR ANDREW YULE'S DPSC STAKE: NW
GAMMON INFRA BAGS NHAI PROJECT WORTH RS.850 CRORES
NET PROFIT AT RS.48.2 CR VS RS.12 CR; SALES UP 55% AT RS.849 CR (YOY)
PROFIT UP 55% AT RS.143.50 CR; NET SALES UP 22.5% AT RS.2234.20 (YOY)
IMPORTING SUGAR BEING REVIEWED; NEED FOR ECONOMIC PRICING OF SUGAR
IN DISCUSSIONS WITH FARMERS TO COME AT PRICE COMFORTABLE FOR BOTH SIDES
TOO EARLY TO TALK OF DENA BANK MERGER WITH ANOTHER PSU BANK: NW
KEEPS OVERNIGHT LENDING RATE UNCHANGED AT 0.1%
STILL SEE DOWNSIDE RISK FOR THE ECONOMY
AIM TO CONVERT NON USERS TO USERS WITH THE HELP OF ROAMING TARIFF CUTS
PREFER TO REMAIN AGGRESSIVE WITHOUT GETTING INTO A PRICE WAR
MURTAZA KHORAKIWALA TO NDTV: CANNOT COMMENT ON SUB JUDICE MATTER
WOCKHARDT TO PAY BACK ALL SECURED, UNSECURED LOANS IN 5 YRS AS PER CDR
DBS TOP BRASS MET HABIL KHORAKIWALA TO DISCUSS WAYS OF SETTLEMENT: SRCS
EYEING TO SETTLE PAYMENT DEFAULT CASE OUT OF COURT: SOURCES
ALERT: ROAMING CONTRIBUTES 15% OF BHARTI REVENUES
ROAMING CALLS ON OTHER NETWORKS AT 80 PAISE/MINUTE
ROAMING CALLS ON OWN NETWORK AT 60 PAISE/MIN
SWAP TO REDUCE OVERALL FINANCE CHARGES FOR THE COMPANY: CFO
COMPLETES SWAP OF $875MN FOREX CONVERTIBLE BONDS

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.