Meanwhile, the BSE Sensex was up 36 points or 0.21% to 17,461.71.
On BSE, 73,000 shares were traded in the counter as against average daily volume of 70,210 shares in the past one quarter.
The stock hit a high of Rs 1,224 and a low of Rs 1,192 so far during the day. The stock had hit a 52-week high of Rs 1,428.20 on 16 March 2012. The stock had hit a 52-week low of Rs 905.55 on 19 December 2011.
The stock had outperformed the market over the past one month till 3 July 2012, surging 10.92% compared with Sensex's 9.15% rise. The scrip had, however, underperformed the market in past one quarter, falling 8.96% as against Sensex's 0.98% fall.
India's largest car maker by sales has an equity capital of Rs 144.46 crore. Face value per share is Rs 5.
The Maruti Suzuki India (MSIL) stock has risen 4.38% in three trading sessions from Rs 1,169.75 on 29 June 2012, after the company during trading hours on 2 June 2012 said its total sales rose 20.3% to 96,597 units in June 2012 over June 2011. Maruti's domestic sales rose 19.3% to 83,531 units in June 2012 over June 2011. Export sales rose 27.1% to 13,066 units in June 2012 over June 2011.
Maruti's total sales rose 5.1% to 2,95,896 units in Q1 June 2012 over Q1 June 2011. Domestic sales rose 5% to 2,63,264 units and exports rose 5.8% to 32,632 in Q1 June 2012 over Q1 June 2011.
Maruti's board of directors last month approved a proposal to merge Suzuki Powertrain India (SPIL) with the company. SPIL, which supplies diesel engines as well as transmissions for vehicles to MSIL, is a subsidiary of MSIL's parent -- Suzuki Motor Corporation (SMC), Japan. SMC holds a 70% share in SPIL and the remaining 30% is held by MSIL.
As per the terms of the proposed merger, SMC will receive one share of MSIL of Rs 5 each for every 70 shares of Rs 10 each it holds in SPIL. There will be no cash outflow from MSIL due to the merger. MSIL proposes to make a fresh issue of about 1.31 crore equity shares to SMC in lieu of SMC's 70% holding in SPIL. Consequent to the merger, SMC's holding in MSIL will go up from 54.2% to 56.2%.
It is expected that the necessary regulatory approvals and legal requirements for the merger may be completed by end December 2012, MSIL said. Once the merger is approved, the books of accounts of SPIL will be merged with MSIL with effect from 1 April 2012, the company added. The two companies, viz MSIL and SPIL, will work jointly to integrate the two organizations, MSIL said.
With the merger, MSIL will be able to bring its entire diesel engine capacity under a single management control. All key initiatives to strengthen the business, including sourcing, localization, production planning, manufacturing flexibility and cost reduction can be controlled, monitored and improved by the MSIL management, MSIL said in a statement. The proposed merger also promises benefits for the combined entity through synergies in areas like finance, capital structuring, and administration and consequent reduction of transaction costs, MSIL said.
Maruti Suzuki India's net profit fell 3% to Rs 639.84 crore on 17.1% growth in net sales to Rs 11524.52 crore in Q4 March 2012 over Q4 March 2011.
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