Maruti Suzuki surges 11% in 2 days post Q3 results; hits fresh 52-week high

Ebitda margins, which improved 250 bps QoQ at 6.7 per cent in Q3, was the real positive surprise with savings realised under all costs line items, analysts said

Shares of Maruti Suzuki India hit a fresh 52-week high of Rs 8,916.75, up 4 per cent on the BSE in Thursday's intra-day trade. The company's shares have surged 11 per cent in the past two trading days after it reported a healthy performance in October-December quarter (Q3FY22).

The stock of the cars & utility vehicles' company recovered 5.5 per cent from its intra-day low of Rs 8,457 today. At 02:46 pm, it was trading 3.4 per cent higher at Rs 8,893 as against 0.65 per cent decline in the S&P BSE Sensex at 57,483 points.

In Q3FY22,