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Maruti Suzuki extends gains as Manesar plant reopens 22-Aug-2012

Meanwhile, the BSE Sensex was down 38.81 points or 0.22% to 17,846.45.

On BSE, 41,000 shares were traded in the counter as against average daily volume of 1.08 lakh shares in the past one quarter.

The stock hit a high of Rs 1,206 and a low of Rs 1,184.30 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 large-cap stock had underperformed the market over the past one month till 21 August 2012, rising 3.54% compared with the Sensex's 4.24% rise. The scrip had also underperformed the market in past one quarter, falling 1.86% as against Sensex's 10.52% surge.

India's largest car maker by sales has equity capital of Rs 144.46 crore. Face value per share is Rs 5.

Shares of Maruti Suzuki India have risen 1.88% in three trading sessions from Rs 1,172.40 on 16 August 2012, as the firm after market hours on 16 August 2012 announced resuming production at its Manesar facility in Haryana from Tuesday, 21 August 2012.

Maruti Suzuki India had declared a lock-out at the Manesar plant on 21 July 2012 following large scale violence by workmen on 18 July 2012. The re-start of production at the Manesar plant would be gradual and will be taken up in phases, Maruti had said last week at the time of announcing the lifting of lock-out at the unit.

Maruti produces its highest-selling diesel cars -- the Swift hatchback and the Swift Dzire sedan -- at its Manesar unit. It also manufactures the SX4 sedan and the A-Star small car at Manesar.

Maruti Suzuki India's net profit fell 22.8% to Rs 423.77 crore on 27.5% growth in net sales to Rs 10529.24 crore in Q1 June 2012 over Q1 June 2011.

Japanese parent Suzuki Motor Corporation holds 54.21% stake in Maruti Suzuki India (as per the shareholding pattern as on 30 June 2012).

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