The stock surged 5.45 per cent to Rs 1,560.40 on reports that the demand for passenger cars remains upbeat in the domestic market. The stock has risen 10 per cent in last two trading sessions from a low of Rs 1,424.30 on November 12.
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Total sales of the company surged 32.4 per cent to 85,415 units in October 2009 compared with 64,490 units in October 2008. Domestic sales increased 21 per cent to 71,551 units (59,127 units) and exports more than doubled to 13,864 units (5,363 units) in October 2009 over previous year.
SHIV SHANKER SHUKLA
PGDM 3RD SEM
SEC-A
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