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

Mon Dec 3, 2012 1:38pm IST

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A statue of Ganesh, the deity of prosperity, is carried in a taxi to a place of worship on the first day of the ten-day-long Ganesh Chaturthi festival in Mumbai August 29, 2014. REUTERS/Danish Siddiqui

Ganesh Chaturthi Festival

During Ganesh Chaturthi idols will be taken through the streets in a procession accompanied by dancing and singing, and will be immersed in a river or the sea in accordance with Hindu faith.  Slideshow 

* 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)
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