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Maruti Suzuki shares hit all-time high

The stock is up 33 times since its listing in 2003

A worker is reflected on the body of a Maruti Suzuki car as he locks the door of another car at a Maruti Suzuki stockyard on Ahmedabad

BS Reporter Mumbai

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The shares of Maruti Suzuki India, India's largest passenger car maker, rose 2.63 per cent on Wednesday to hit an all-time high of Rs 4,155 apiece on the BSE.

Foreign brokerage Credit Suisse had released a note pointing to a higher weightage in benchmark indices such as MSCI, on account of higher overseas investment limit from October.

A higher weightage would translate into greater demand for the shares of the company, as fund houses seek to adjust their portfolios, which are benchmarked against such indices. The stock is up 33 times since its listing in 2003.
 

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First Published: Jul 15 2015 | 10:44 PM IST

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