MARKET EYE-Maruti, M&M up on Nov vehicle sales

Mon Dec 3, 2012 1:38pm IST

Related Topics

Stocks

   

* Shares in Maruti Suzuki India Ltd and Mahindra &
Mahindra Ltd gained on strong November vehicle sales.
* Maruti's November vehicle sales grew 12.5 percent on year to
103,200 units, sustaining the recovery in sales witnessed in
October. 
* Dispatches rose on the back of festive demand, particularly
for diesel vehicles and higher exports, brokerage Anandrathi
said in a note. 
*  Mahindra & Mahindra reported a 18 percent rise in November
sales to 48,143 vehicles and continued on a strong trajectory,
boosted by new launches and a large diesel portfolio, the
brokerage added. 
* Maruti shares rose 1.1 percent at 1,491 rupees, while Mahindra
& Mahindra shares gained 1.2 percent at 958 rupees.

 (manoj.dharra@thomsonreuters.com)
FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Popularity Poll