Maruti Suzuki gains over 3% after posting best-monthly auto sales of 2024 in December

Shares of the country's leading passenger vehicle major Maruti Suzuki spurted in trade by up to 3.16 per cent at the day's high after the auto major posted the best monthly auto sales of 2024 in December month. After scaling the day's high of Rs 11,210 per share on the BSE, the stock at around 2:34 pm traded higher by 2.88 per cent or Rs 312.8 at Rs 11,179.7 apiece on the BSE.

In December 2024, Maruti Suzuki India Limited sold a total of 178,248 units. Total sales in the month include domestic sales of 132,523 units, sales to other OEM of 8,306 units and the highest ever monthly exports of 37,419 units, noted the company's press release.

Total sales at the company has grown 29.6 per cent year-on-year (YoY) from 1,37,551 units recorded in December 2023 to 1,78,248, while analysts expected sales at the company at 1,71,500 units.

For the first time in the past year, company recorded sales growth of over 20 per cent in a month. 

Led by recovery in sales of Alto, S-Presso, the company's Mini Segment recorded a sharp YoY growth of 190 per cent, while exports also logged a healthy growth of 39 per cent. In the same month last year, the company's total export sales were at 26,884 units.

Shares of Maruti Suzuki are trading below their 50-day, 100-day and 200-day simple moving average, suggesting downtrend in the stock. 

The consensus recommendation from 43 analysts for Maruti Suzuki India Ltd. is BUY, shows Trendlyne data. Of the 43 analysts, 26 of them signal a 'Strong buy' on the counter.

Maruti Suzuki share price performance 

The stock in the last one year has gained 9 per cent, with its 52-week low and high prices at Rs 9,737.6 and Rs 13,680 apiece.