Maruti Suzuki in top gear on sales, export plan

DALAL STREET SPIKES

Despite an extremely bearish sentiment on Dalal Street, there was a fair bit of action on the Maruti Suzuki India's counter. The scrip closed 2.80 per cent higher at Rs 723.40 on Monday on reports of the company hoping to sell a million units in the domestic market within the next two years, besides exporting another two lakh units.

The development assumes significance in the wake of a current downturn and an impending launch of low-cost cars such as the Tata Nano. The stock hit an intraday high of Rs 739.50 and a low of Rs 666.