Maruti shares hit four-year high; earnin

January 07 [Mon], 2013, 18:10
MUMBAI (Reuters) - Maruti Suzuki shares rose to a four-year high on Monday on hopes earnings would improve due to rising sales for passenger vehicles, while margins were also seen increasing due to the depreciation in the Japanese yen.

CLSA's upgrade of Maruti Suzuki Ltd to 'buy' from 'sell' also helped boost the stock, traders said.

At 2:31 p.m., Maruti shares were up 3 percent to 1,591.5 rupees after earlier touching their highest since December 15, 2009.

(Reporting by Abhishek Vishnoi and Manoj Dharra; editing by Rafael Nam)



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