Maruti Suzuki - September 2020 sales number - Angel Broking

Mr. Jyoti Roy - DVP - Equity Strategist, Angel Broking Ltd

Maruti Suzuki reported better than expected sales numbers for the month of September 2020. Total sales for the month of September was up by 30.8% yoy to 1,60,442 units. Domestic sales for the month were up by 32.2% to 1,52,608 units while exports also turned around and registered a growth of 9.0% YoY to 7,834 units. Domestic sales growth was driven by the entry level mini and compact segments which reported growth of by 35.7% YoY and 47.3% YoY respectively driven by increased preference for personalized transportation post Covid-19. The mid level segment continued to struggle and registered a degrowth of 10.6% YoY. Utility vehicles and vans reported decent growth of 10.1% and 12.8% respectively while the LCV segment also reported a moderate growth of 4.0% YoY. While monthly sales numbers are expected to stabilize going forward, the low base of last year is helping growth numbers will go away from October and hence growth rates are expected to moderate from September's very high level.

Shares of MARUTI SUZUKI INDIA LTD. was last trading in BSE at Rs.6742.85 as compared to the previous close of Rs. 6738.6. The total number of shares traded during the day was 81981 in over 5147 trades.

The stock hit an intraday high of Rs. 6777.35 and intraday low of 6673.9. The net turnover during the day was Rs. 551726529.

Source : Equity Bulls

Keywords