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Monday, 16 June 2014

Maruti stock up 10% on plan to seek approval for Gujarat plant

MUMBAI: Shares of Maruti Suzuki India on Tuesday surged nearly 10 per cent after the company decided to seek minority shareholders' approval for the controversial Gujarat plant, which its parent Suzuki Motor Corp had decided to take over from it.

After a strong opening, shares of the car-maker further zoomed 9.37 per cent to Rs 1,899.90, its 52-week high on the BSE.

On the NSE, the stock jumped 9.81 per cent to touch a one-year peak of Rs 1,909. The scrip was the best performer among the blue-chips on both the key indices Sensex and Nifty during the morning trade.

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