Maruti Suzuki gains 11% in 4 days after Co announced price hike plan

Analysts said there is a healthy order-book and adequate finance availability which should support a demand rebound

Shares of Maruti Suzuki India (MSIL) hit an over four-month high of Rs 7,664, on the back of an 11 per cent rally in four days, after the company announced price hike plan. The stock, which was trading at its highest level since February 17, 2021, was up nearly 2 per cent on the BSE in intra-day trade on Friday.

The car & utility vehicles company said on Monday that it would be raising vehicle prices in the July-September quarter (Q2FY22) to pass on higher input costs. The company, however, has not disclosed quantum of the increase.

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