Maruti shares jump 4 per cent on weaker yen

Stocks

oi-Sunil

By Sunil Fernandes

Published: Friday, April 5, 2013, 11:15 [IST]

Shares in Maruti rallied almost 4 per cent in trade today, after hopes that a weaker yen would boost earnings.

The stock was last quoted at Rs 1365, up 4 per cent from its Thursday's close of Rs 1311. It's believed that the weaker yen would help the company reduce imported costs of items, which could boost margins.

Shares in Maruti had been dropping following dismal set of numbers for auto stocks in general, posted in the month of March.

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