Maruti Suzuki India, is reported to have surged 0.37% to Rs. 1,186.05 at 13:44 IST on BSE, which was off the session's low of Rs. 1156.10, after its net profit went up 18% to Rs. 549.20 crore, experiencing a 3.3% rise in net sales to Rs. 8319.90 crore in the first quarter of June 2011 over the second quarter of the same month in 2010.

Also, the day's drop at Rs. 1156.10, led to the stock losing 2.17% before the company revealed the results during trading hours today, and the BSE Sensex fell by 309.32 points to 18,561.97.

However, on BSE, 1.96 lakh shares were traded over the counter against an average daily volume of 48,081 shares for the past one quarter, as the stock had an increase of Rs. 1202 and a fall of Rs. 1156.10 during the day.

Maruti Suzuki India, said: “Higher commodity prices and foreign exchange volatility put pressure on margins as compared to the same period in the previous year. The car market was sluggish, mainly due to a sharp increase in fuel prices and higher interest rates”.

Moreover, Maruti superseded street expectations as its first quarter net profit went up 18% yearly to Rs 549.2 crore, despite other high income offset challenges from slow sales and high input costs.