Maruti Suzuki falls on drop in August sales
Shares of car-maker Maruti Suzuki India fell by over 2 per cent in morning trade on the bourses today
By PTI | Updated:
MUMBAI: Shares of car-maker Maruti Suzuki India fell by over 2 per cent in morning trade on the bourses today after the company reported a 12.74 per cent fall in sales for August due to the ongoing labour unrest at its Manesar plant, which has affected production.
The stock, which made a weak opening, lost further ground and fell by 2.3 per cent to an early low of Rs 1,067.15 on the Bombay Stock Exchange (BSE). Similarly, the stock went down by 2.24 per cent to an early low of Rs 1,067.05 on the National Stock Exchange (NSE).
Maruti Suzuki India yesterday reported a 12.74 per cent fall in sales to 91,442 units in August.
The company had sold 1,04,791 units in the same month last year.
"The disruption in production at the company's Manesar plant in end-August adversely impacted sales numbers during the month," the company had said.
The fall in the company's scrip was in sharp contrast to the overall bullish trend in the market, with the BSE benchmark Sensex trading higher by 103.87 points at 16,780.62 at 1012 hours.
The stock, which made a weak opening, lost further ground and fell by 2.3 per cent to an early low of Rs 1,067.15 on the Bombay Stock Exchange (BSE). Similarly, the stock went down by 2.24 per cent to an early low of Rs 1,067.05 on the National Stock Exchange (NSE).
Maruti Suzuki India yesterday reported a 12.74 per cent fall in sales to 91,442 units in August.
The company had sold 1,04,791 units in the same month last year.
"The disruption in production at the company's Manesar plant in end-August adversely impacted sales numbers during the month," the company had said.
The fall in the company's scrip was in sharp contrast to the overall bullish trend in the market, with the BSE benchmark Sensex trading higher by 103.87 points at 16,780.62 at 1012 hours.
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