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Maruti shares hit four-year high; earnings seen improving

Source : REUTERS
Last Updated: Mon, Jan 07, 2013 09:33 hrs
A worker cleans a Maruti Suzuki Swift Dzire car as he is being reflected on a car at the company's stock yard at Sanand in Gujarat

Maruti Suzuki shares rose to a four-year high on Monday on hopes earnings would improve due to rising sales for passenger vehicles, while margins were also seen increasing due to the depreciation in the Japanese yen.

CLSA's upgrade of Maruti Suzuki Ltd to 'buy' from 'sell' also helped boost the stock, traders said.

At 2:31 p.m., Maruti shares were up 3 percent to 1,591.5 rupees after earlier touching their highest since December 15, 2009.

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