/ Maruti Suzuki Domestic Sales Grow, Exports Tank By 36.3% ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 1 June 2017

Maruti Suzuki India on Thursday has announced its auto sales data for the month of May 2017. The company's total sales soared 11.3% to 1.37 lakh units in May 2017 as against 1.23 lakh units in May 2016.

The total domestic sale of the company rose by 15.5% to 1,30,676 in May 2017 and sales of utility vehicles segment spiked by 66.3% in the same month. Analysts believe that the rising popularity of cars like Vitara Brezza, S-Cross, Gypsie and Ertiga has changed the sales number of the company in the last few months.

On the other hand, the total exports have tanked 36.3% at 6,286 units in 2017 as against 9,872 in 2016.

The stock hit its 52-week high if Rs 7249.30 per share on Thursday’s trading session. In the earlier week, it had achieved its Rs 7000 per share milestone. The stock was trading down at Rs 7140 per share lower by Rs 71.95 per share or 1% on the NSE at 1230 hours.
The stock since May 25 has been hitting new record highs for the 6th consecutive trading session.

From past four trading sessions, the percentage deliverable quantity to the traded quantity has been increasing from around 25% to more than 50% which shows that investors sentiments are buoyed by the long-term gains from the stock.

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