Maruti Suzuki stock hits one-year high on bourses
- BCCI says it can't control bookies, promises to 'fix' guilty players
- Counter-terrorism to top Indo-US Security dialogue agenda: Sushilkumar Shinde
- IPL 2013 LIVE SCORE: Pune Warriors bat, Ashok Dinda back
- Chinese Premier Li Keqiang arrives today, PM to seek early revival of border talks
- Telangana very much part of UPA national agenda: P C Chacko
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
- Quake-hit and shaken, Bhaderwah spends nights in the open
- UP blast accused dies on way to jail, govt wanted to drop case against him
- Former civil aviation secy changes mind, seeks airport security exemption as EC
- BCCI suspects Gujarat players in other teams were also approached
- Police on money trail, Sreesanth in fresh trouble
- Chhattisgarh 'encounter' leaves 8 villagers dead, no Maoist link yet