Mumbai: Shares of Maruti Suzuki Monday rose by 3 percent after the company reported a 60.5 percent jump in net profit for the fourth quarter.
The scrip of the country's largest carmaker settled 3.02 percent higher at Rs 3,646.70 on the BSE. During the day, it went up by 3.95 percent to Rs 3,679.95.
On the NSE, the scrip closed 3 percent higher at Rs 3,648.40.
The stock was the top gainer among the blue-chips on both Sensex and Nifty.
Tracking the positive sentiment in the stock, the company's market value rose by Rs 3,229.54 crore to Rs 1,10,159.54 crore.
"Shares of Maruti rose after fourth quarter (January-March) beat street expectations on every parameter with profit rising a whopping 60.5 percent, supported by higher volumes and favorable foreign exchange," HBJ Capital Analyst Aamir Mir said.
Maruti Suzuki today reported a 60.5 percent jump in net profit at Rs 1,284.2 crore for the fourth quarter.
The company had posted a net profit of Rs 800.05 crore in the same period last fiscal, Maruti Suzuki India said in a statement.
Net sales during the quarter stood at Rs 13,272.6 crore, up 12.3 percent against Rs 11,818.13 crore in the same period last fiscal.
Sales in the quarter were up 6.7 percent at 346,712 units, the company said adding that the exports were at 29,542 units, a growth of 12.4 percent.
For the full fiscal ended March 31, the company posted a net profit of Rs 3,711.2 crore against Rs 2,783.05 crore in previous fiscal.
Net sales of the company for the fiscal stood at Rs 48,605.53 crore, up 13.97 percent from 42,644.76 crore last year.
In the stock market, the BSE benchmark Sensex ended with a loss of 260.95 points at 27,176.99.
