Maruti Suzuki shares surge 1% on sales expectations

Maruti Suzuki India gained over 1 per cent after media reports quoted the company's Chairman RC Bhargava saying that the auto-maker expects double-digit sales growth this year.

PTI quoted Bhargava as saying "I expect that our company will continue to grow in double digits this year."

The Maruti chairman also said sales had grown at an average of 16 per cent in the past five months.

Shares of the scrip closed at Rs 2971.15 a piece at the Bombay Stock Exchange (BSE), up 54.5 points (or 1.87 per cent).

(Reuters)