Maruti Suzuki dips post January sales
.jpg)
Maruti Suzuki India has dipped 3% to Rs 3,971 on the BSE after the country’s largest car-maker reported a 2.6% decline in total sales in January 2016 at 113,606 units, due to lower export sales. The company had sold 116,606 units in the same month in 2015.
Earlier, in the month of March 2015, Maruti Suzuki India had recorded negative growth of 1.6% in monthly sales.
Exports during the month declined 34.6% to 7,223 units as compared to 11,047 units in January 2015. The domestic sales increased 1% during the month to 106,383 units as against 105,559 units in January 2015, Maruti Suzuki India said in a statement.
Sales of passenger cars fell 1.4% to 87,757 units, while utility vehicles sale grew 26% at 8,114 units over the previous year, it added.
At 11:09 AM, the stock was down 2% at Rs 4,010 on the BSE. It touched intra-day high of Rs 4,118 before the announcements of January sales numbers. A combined 921,081 shares changed hands on the counter on the BSE and NSE so far.
Other Latest News
.webp)
At least nine people were burnt alive and 15 injured when a moving bus caught fire near Tauru in Haryana's Nuh district in the early hours of Saturday, police said.
The incident occurred around 2 am on the Kundli-Manesar-Palwal (KMP) Expressway. The bus was carrying around 60 people, all residents of Punjab's Hoshiarpur and Ludhiana, who were returning from pilgrim towns of Mathura and Vrindavan. All of them are relatives, police said.
.webp)
Softbank-backed OYO is set to refile its much-awaited IPO as the global travel tech player is close to finalising its refinancing plans to raise up to $450 million via sale of dollar bonds, sources said.
JP Morgan is the likely lead banker for the refinancing through the sale of dollar bonds at an estimated interest rate of 9 to 10 per cent per annum, a source said.
.webp)
The national capital on Saturday morning recorded a minimum temperature of 27.1 degrees Celsius, 0.6 notch above the season's average, according to the India Meteorological Department (IMD).
On Friday, Delhi witnessed 47.4 degrees Celsius in Najafgarh, making it the hottest place in the country.
.webp)
Shareholders in Nestle India have rejected a company proposal to increase royalty payments to its Swiss parent Nestle, the company said late on Friday.
The motion called for the royalty paid to its parent to climb to 5.25 per cent of net sales, net of taxes, compared to the current level of 4.5 per cent. The increase was proposed at a rate of 0.15 per cent per annum.
.webp)
Shares of Zee Entertainment soared up to 5.2 per cent at Rs 141.65 per share on the BSE in Saturday’s intraday trade. The hike in the stock prices came after the company delivered a turnaround in quarterly growth for the January-March quarter of fiscal year 2023-24 (Q4FY24).
In the March quarter, the company reported a consolidated net profit of Rs 13.35 crore, marking a reversal from a consolidated net loss of Rs 196.03 crore in the same period of the previous fiscal year.
.webp)
.webp)
.webp)
.webp)
.webp)
