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

REUTERS SHOWCASE

Reliance Projects

Reliance Projects

Exclusive: Reliance plans $13 billion projects including new refinery.  Full Article 

Pharma Sector

Pharma Sector

In race for bigger margins, drug makers willing to lose the India "advantage".  Full Article 

Low Stocks

Low Stocks

Indian power station coal stocks lowest since 2012 blackouts.  Full Article 

Markets This Month

Markets This Month

Tata Motors, M&M top Sensex gainers  Full Article 

Google Drones

Google Drones

Google is testing unmanned drones to deliver anything from dog food to medicine.  Video 

#RiceBucketChallenge

#RiceBucketChallenge

In India, rice replaces ice in bucket challenge.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage