
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.
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