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1 week ago
Maruti Suzuki share price jumps over 4%. What's behind today's gain?
India TodayShares of Maruti Suzuki India Ltd surged over 4% in Thursday’s trading session, hitting an intraday high of Rs 11,675 on the Bombay Stock Exchange. December 2024 proved to be a strong month for Maruti Suzuki, as total sales rose 29.5% year-on-year to 1,78,248 units compared to 1,37,551 units in December 2023. Sales in the mini-segment, including models like Alto and S-Presso, stood at 9,750 units in November 2024, slightly lower than the 9,959 units sold in November 2023. Global brokerage Citi continues to back Maruti Suzuki, maintaining a ‘Buy’ rating with a target price of Rs 13,500 per share.
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