Maruti shares gain on reports of diesel hike

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Maruti shares gain on reports of diesel hike
Maruti Suzuki India: Quotes, News
BSE 7238.95BSE Quote47.55 (0.66%)
NSE 7225.05NSE Quote41.7 (0.58%)
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.

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