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Shares in Maruti jump

September 22, 2010

bse351Shares in automobile companies rose on Wednesday on hopes of buoyant demand during the September-to-December festive season.

Top car maker Maruti Suzuki rose 3.6 percent after Bank of America-Merrill Lynch upgraded it to buy from underperform.

Other stocks like Mahindra & Mahindra and Hero Honda gained 0.2 percent and 0.1 percent respectively. Stocks like Tata Motors slipped 0.6 percent.

Would you invest in auto stocks at this stage?

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