Maruti makes comeback; shares bounce on volume hopes

Shares of Maruti Suzuki rallied smartly today hitting a 52-week high, on hopes that the newly launched Maruti Alto and the Ertiga would boost volumes at the company.

Shares of the company were up almost 3% today, following frantic buying in the stock. The shares were last trading at Rs 1434 on the Bombay Stock Exchange.

The past one year has not been good for Maruti Suzuki particularly in view of the employee problems and the pro-longed lockout at the Manesar plant following labour unrest.

However, analysts have turned optimistic over the company's performance given the newly launched Alto.

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