Maruti Rallies On Hike In FII Stake

Business

oi-Sunil

By Sunil Fernandes

Published: Tuesday, September 15, 2015, 11:47 [IST]

Shares in Maruti Suzuki rallied after the Reserve Bank of India (FII) hiked the FII limit to 40 per cent in the company from 24 per cent.

Maruti has been an out performer this year with the shares seeing a sharp rally after the company has managed to chalk out improved results quarter-on-quarter.

Fall in inputs costs has also helped the company post a better performance. The stock of Maruti was last trading higher by one per cent at Rs 4353. Maruti is the nation's top passenger car maker, which has managed to have a solid stranglehold in the markets for many years now.

The company plans a rapid expansion to increase its market share and has also entered various segments to boost sales.

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