Maruti Suzuki India, India's largest
passenger cars maker, climbed 2.6% on Wednesday after global firm,
Morgan Stanley retained its 'overweight' rating on the company with
a target of Rs 1,598 saying Q2 FY13 results were better than
estimates. The company registered a 5.4% drop in net profit on
year-on-year basis for the quarter ended September 2012 to Rs 2.27
billion. It reported net sales of Rs 80.70 billion, an increase of
8.5% over the same period in the previous year.
Shares ofthe companyare trading at Rs
1,430.10, up Rs 35.55, or 2.55% at the Bombay Stock Exchange (BSE)
on Wednesday at 11:05 a.m.The scrip has touched an intra-day high
of Rs 1,435.80 and low of Rs 1,381. The total volume of shares
traded at the BSE is 110,256.In the earlier session, the shares
climbed 2.27%, or Rs 30.95, at Rs 1,394.55. Currently, the stock is
trading all time 52-week high, which is above 57.93% over the
52-week low of Rs 905.55.
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