In past one-week, the stock outperformed the market by gaining 10% as compared to 0.36% rise in Sensex.
Company said that its Japanese parent Suzuki Motor Corp is expected to start pilot production at the Gujarat plant
The stock moved higher by nearly 4% to Rs 3,862, recovering 5% from intra-day low on the National Stock Exchange.
The stock was up 3.3% at Rs 3,828 on the BSE as compared to 0.04% decline in the S&P BSE Sensex at 01:35 pm.
The company has also exported over 3,80,000 Alto cars to over 70 countries
In February, the stock had underperformed the market, fallen 21% as compared to 7.5% decline in Nifty 50 index.
Thus far in 2016, the stock tanked 30% as compared to 12% decline in the S&P BSE Sensex.
Thus far in February, the stock has fallen 18% as compared to 8% decline in the S&P BSE Sensex.
The stock was down 2.4% at Rs 3,495 on the BSE in early morning trade.