Maruti rises over 1% on BSE amid good August sales

Riding high on robust sales in August, shares of the country's largest car-maker, Maruti Suzuki, climbed over 1 per cent on the BSE today, helping the auto index gain over 24 points.

The stock jumped 1.38 per cent to settle at Rs 1,273.25 on the Bombay Stock Exchange. During the session, it rose 1.91 per cent to touch a one-month high of Rs 1,280.

The rise in the stock helped the BSE Auto index settle up by 24.26 points, or 0.28 per cent, at 8,838.05.

Registering a gain of 0.94 per cent, the counter of Maruti closed at Rs 1,269.35 on the National Stock Exchange.

Auto major Maruti Suzuki India today reported its highest ever monthly sales of 1,04,791 units in August, a 23.56 per cent jump from 84,808 units in the same month last year.

Maruti was followed by TVS Motors, which zoomed 1.30 per cent to finish at Rs 143.95.

Chennai-based TVS Motor Company reported its highest-ever monthly sales of 1,70,735 units in August, translating into a 33.52 per cent growth compared to the same month last year.

Most of the auto counters ended in the green, barring the country's largest motorcycle-maker, Hero Honda, which tumbled by 1.85 per cent to finish at Rs 1,758.65, the maximum loss among Sensex companies.

Tata Motors, too, was in the green zone and closed higher by 0.11 per cent.

Meanwhile, the 30-share benchmark Sensex surged by 234.75 points today to close at 18,205.87.