Meanwhile, the BSE Sensex was down 32.88 points, or 0.18% at 18,612.18.
On BSE, 49,546 shares were traded in the counter as against an average daily volume of 1.22 lakh shares in the past one quarter.
The stock hit a high of Rs 1336.90 and a low of Rs 1303.40 so far during the day. The stock had hit a record high of Rs 1740 on 30 September 2009 and a 52-week low of Rs 1171 on 21 May 2010.
The large-cap stock had outperformed the market over the past one month till 6 September 2010, rising 6.71% as compared to the Sensexs return of 2.29%. It had underperformed the market in the past one quarter, falling 2.09% as compared to the Sensexs return of 8.43%.
The company has an equity capital of Rs 144.46 crore. Face value per share is Rs 5.
The rise in yen and the fall in rupee may increase raw material import cost for Maruti and its vendors -- Maruti has substantial raw material imports from Japan. Marutis total raw material import bill stood at Rs 2561.60 crore in the year ended March 2010 (FY 2010). The companys total raw materials consumption bill aggregated Rs 22363.50 crore in FY 2010.
Maruti also paid Rs 761.70 crore in royalty to parent Suzuki Motor Corporation in FY 2010. In fact, Marutis royalty charges increased substantially in Q1 June 2010 due to the increase in sales of K-series engine models and amendments in the various royalty agreements the company entered with parent Suzuki Motor Corporation.
The extent of the adverse impact of the weak rupee against the yen will depend on the extent of hedging undertaken by the company.
Maruti Suzuki Indias domestic sales rose 32.5% to 92,674 units in August 2010 over August 2009. But, the companys exports fell 18.4% to 12,117 units in August 2010 over August 2009. Maruti Suzukis its total sales in August 2010 were the highest ever monthly sales.
Maruti Suzuki Indias net profit declined 20.3% to Rs 465.36 crore on 27.1% rise in net sales to Rs 8090.39 crore in Q1 June 2010 over Q1 June 2009. Maruti attributed the fall in net profit to higher commodity prices, increase in royalty to parent Suzuki Motor Corporation, Japan and lower other income. The companys income from exports to Europe declined due to weakening of the euro.
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