Maruti Suzuki stock hits one-year high on bourses


Defying a weak stock market, shares of Maruti Suzuki today rose by nearly 3 per cent to touch one- year high on the back of strong buying by investors amid positive reports on the company.

Marketmen said the uptick in the stock was also fuelled by reports of investment banking and research firm CLSA upgrading Maruti Suzuki India.

Besides, in December, MSI recorded domestic sales of 82,073 units compared to 77,475 units in the year-ago period, registering a rise of 5.93 per cent in an overall sluggish auto market.

After rising 3.5 per cent during the day to touch 52-week high of Rs 1,599.90, the stock finally ended at Rs 1,584, up 2.59 per cent on the BSE.

The scrip was the top gainer among the 30-Sensex blue chip companies.

At NSE, the stock settled at Rs 1,583.95, up 2.49 per cent from its previous close.

On the volume front, 1.26 lakh shares of the company changed hands on the BSE, while over 9.5 lakh shares were traded on the NSE.

Rally in the stock was in sharp contrast with an overall weak broader market where the Sensex ended at 19,691.42, down 92.66 points.

Stocks More on Maruti

Company INFO More on Maruti

Please read our terms of use before posting comments
TERMS OF USE: The views expressed in comments published on are those of the comment writer's alone. They do not represent the views or opinions of The Indian Express Group or its staff. Comments are automatically posted live; however, reserves the right to take it down at any time. We also reserve the right not to publish comments that are abusive, obscene, inflammatory, derogatory or defamatory.