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VoM News > Breaking News > Maruti Suzuki shares jump as demand outlook lifts investor sentiment

Maruti Suzuki shares jump as demand outlook lifts investor sentiment

    Maruti Suzuki shares jump as demand outlook lifts investor sentiment

    April 29 (Reuters) – Shares of Maruti Suzuki ​India (MRTI.NS), opens new tab jumped 4% ‌on Wednesday as investors looked past ​ear-term margin ​pressures to bet on ⁠strong demand ​for its small ​cars and a brighter volume outlook.

    Indian Stocks Eye Gains at Open, Oil Prices Pose Headwind

    India’s top carmaker ​missed quarterly ​profit estimates on Tuesday ‌but ⁠flagged strong demand momentum for its small cars. ​It ​also ⁠laid out plans to ​expand manufacturing capacity ​with ⁠an investment of 140 billion rupees ⁠in ​the ​current fiscal year.