Maruti sputtering ahead

Two news from Maruti kept the stock abuzz today. Firstly, starting yesterday, Maruti Suzuki announced an estimated weighted average of increase across models stands at around 1.1%.

Second news – the company transported over 3.2 lakh vehicles using Indian railways last year, its highest-ever dispatch in a calendar year. And to facilitate more, it is setting up dedicated railway sidings at its facilities in Haryana (Manesar) and Gujarat. The use of railway wagons instead of trucks has resulted in offsetting around 1,800 MT of CO2 emissions.

The stock price today rose to Rs.8467.65, from its close of Rs.8384.55 with over 22k shares changing hands. Its 52-week high is at Rs.9768.65.