India's Maruti shares hit 4-yr high; earnings seen improving

MUMBAI Mon Jan 7, 2013 10:28am 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 

MUMBAI Jan 7 (Reuters) - India's Maruti Suzuki shares rose as much as 3.3 percent to a four-year high on Monday on hopes earnings would improve due to rising sales for passenger vehicles, while margins were also seen increasing due to the depreciation in the Japanese yen.

CLSA's upgrade of Maruti Suzuki Ltd to 'buy' from 'sell' also helped boost the stock, traders said.

At 0451 GMT Maruti shares were up 3.1 percent at 1,593 rupees after earlier touching their highest since Dec. 15, 2009. (Reporting by Abhishek Vishnoi and Manoj Dharra; editing by Rafael Nam)

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