Maruti gains after Credit Suisse raises target price

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Reuters
Last Updated : Aug 25 2014 | 2:08 PM IST

Reuters Market Eye - Maruti Suzuki India Ltd shares gain more than 2 percent on Monday after Credit Suisse raises its target price to 3,500 rupees from 3,020 rupees, citing optimism about the car maker's product launches and margin expansion potential.

Credit Suisse calls Maruti the "top pick" in Indian autos, while retaining its "outperform" rating.

(Reporting by Abhishek Vishnoi)

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First Published: Aug 25 2014 | 1:51 PM IST

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