Maruti Suzuki shifts gear on surge in sales

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Saregama India gets into big budget film production: Srcs
Saregama movies budget > Rs.40cr each: Sources
10% revs from radio rights, public performances: Srcs
Saregama's 40% revs from physical sales of music: Srcs
Saregama's 50% revs from digital music: Sources
Signs Apoorva Lakhia and Sanjay Leela Bhansali
Tied up for gas from KG basin as well: IGL
To start online CNG supply in Noida within this month
To set-up 50 new CNG stations by mid-2010
Will look to tap entire NCR area for gas distribution
Remain interested in global acquisitions : Akhil Gupta
No 'desperation' to get into 3G if bid prices irrational
Drop in realty rentals to help enhance retail presence
All units currently operating at 100% utilisation
Goldman cuts China GDP forecast to 6%
Drop in ARPUs will not necessarily hit profitability
Tariffs down 10% in last 5 yrs; don't see further drop
Depreciation in rupee negating drop in product prices
To focus on domestic mkts in 2009: Gautam Singhania
Industry taking a hit on exports: Gautam Singhania
Buys 10% stake in Kalyani Net Ventures
Don't expect any slowdown in power biz through 2009
Will buy firms that can't achieve financial closure
Sitting on enough cash to pick up stake in new projects
Budge Budge unit to be on-stream ahead of schedule
Seeks increase in duty drawbacks and DEPB by 3%
Wants a minimum ceiling of 7% on export credit
Needs an additional 2% interest subvention
Bags order from Southern Railways worth Rs.110cr
India fairly insulated due to robust domestic demand

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.