हिन्दी ಕನ್ನಡ മലയാളം தமிழ் తెలుగు

Maruti shares gain on reports of diesel hike

Posted by:
Updated: Monday, January 7, 2013, 13:02 [IST]

Maruti shares gain on reports of diesel hike

Shares in India's largest passenger car company, Maruti surged on improved prospects for the company on surge in petrol vehicle demand, after reports that the government was considering a hike in diesel prices. The stock was last quoting at Rs 1593, up 3.12%.

Analysts believe that the hike in diesel prices would augur well for the company, as it would lead to renewed demand for passenger vehicle.

CLSA also upgraded the stock to buy citing better prospects.

GoodReturns.in

Topics: maruti
Story first published:  Monday, January 7, 2013, 12:32 [IST]
Write Comments

Please read our comments policy before posting

Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'
Goodreturns iPad App
Goodreturns iPad App
Download GoodReturns iPad App and enjoy it. Learn more about Oneindia GoodReturns on the App Store.
Download Goodreturns iPad App