MSIL’s profitability has been adversely impacted in the past three years.
Shares of Maruti Suzuki India (MSIL), India’s largest passenger vehicle maker, hit an over three-month high of Rs 8,319.80 in intraday trade before closing 6.33 per cent higher at Rs 8,274.6 on the BSE on Thursday. This is the highest level seen since February 28 this year.
The gains are on hopes of margin improvement due to stable commodities prices.
In a separate development, the company on Monday opened bookings for the country’s new version of compact sport utility vehicle (SUV) - Brezza.
First Published: Jun 23 2022 | 11:23 AM IST