Shares in Maruti Suzuki India surged over 3-percent to 7105.85 after the company said that it has increased output in November following nine-consecutive months of production cuts.
In a filing to the StockExchange, the country’s leading auto major reported a 4.33pc year-on-year surge in its production in the month of November to an extent of 1,41,834 units. The production of Maruti’s passenger vehicle has advanced from 1,34,149 units to 139,084 units, year-on-year.
The company last week commenced that it would voluntarily recall some petrol Smart-hybrid-vehicle by Suzuki variants of Ciaz, Ertiga & XL6 vehicles. To get Stock Tips and Free stock Tips visit our website.
Reacting to the developments, Maruti Suzuki India stock which opened at Rs7,007.00, surged to an intraday high and low of Rs.7,108.00 and 6,970.00 per share respectively.
At 112.35-hrs, the stock was quoted at Rs.7,038.00, up to Rs151.30 or 2.2pc from the previous closing. Meantime, the Nifty Auto index scaled at 7,920.50, up by 1.46% on the NSE.