Maruti Suzuki falls Over 11% on poor Q1 Nos-Maruti Suzuki India-

Maruti Suzuki India Limited Is Known as the Automaker Company in India.Maruti Suzuki Ltd is biggest Automobile   Manufacturer  Company In all Over South Asia. This is the First Car Company Who’s Sell More than A million Car in India.It’s Also Market Leader Of India.Some Time Ago Indian Government was get owned  18.28% of the company, and 54.2% by Suzuki of Japan. The Indian government held an initial public offering of 25% of the company in June 2003. As of 10 May 2007, Govt. of India sold its complete share to Indian financial institutions. With this, Govt. of India no longer has stake in Maruti Udyog.

Maruti Suzuki India (MSI) on Monday, 26 July 2010, plunged over 11% in the early trade after it reported 20.25% decline in net profit for the quarter ended June 30.
Shares of the country’s largest car maker tanked 11.47% to touch a one-month low of Rs 1,202.40 on Bombay Stock Exchange.
Similarly, shares fell 17.03% to touch a year’s low of Rs 1,126.85 on the National Stock Exchange.

CNI Research CMD Kishore P Ostwal said that "I feel the results are not bad and the market is just overreacting. The stock should recover in a couple of days," .
Meanwhile, the 30-share benchmark Sensex was trading flat at 18,140.08, up 0.05%.
On Saturday, the company had posted 20.25% fall in net profit at Rs 465.36 crore for the quarter ended June 30. The company had a net profit of Rs 583.54 crore in the corresponding period last fiscal.
However, MSI’s total income from operations increased by 26.78% to Rs 8,231.53 crore in the first quarter from Rs 6,493 crore in the year-ago period.

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