Maruti gains on weaker yen, Suzuki's record profit

Shares in Maruti Suzuki gain 2.9 percent after the Japanese yen weakens to above 100 to the dollar on Friday and on optimism after the parent company Suzuki Motor Corp posted on Thursday a record profit in the financial year ended March.

Maruti Suzuki's profit margins are set to show even stronger gains in the current quarter as India's biggest car maker reaps an even greater windfall from cheaper yen-denominated imports of components.

At 11:32 hrs Maruti Suzuki India was quoting at Rs 1,707.95, up Rs 48.10, or 2.90 percent; the stock was top gainer on the Sensex. It has touched a 52-week high of Rs 1,712.85. It has gained nearly 50 percent in the last nine months.
 
It has touched an intraday high of Rs 1,712.85 and an intraday low of Rs 1,666.00.
 
It was trading with volumes of 59,747 shares, compared to its five day average of 63,531 shares, a decrease of -5.96 percent.
 
In the previous trading session, the share closed down 1.25 percent or Rs 21.00 at Rs 1,659.85.
 
The share touched its 52-week high Rs 1,709.25 and 52-week low Rs 1,077.00 on 02 May, 2013 and 04 June, 2012, respectively.
 
Currently, it is trading 0.08 percent below its 52-week high and 58.58 percent above its 52-week low.