Maruti Suzuki shares jump as Credit Suisse raises target price

Maruti Suzuki India Ltd shares gained more than 2 per cent on Monday after Credit Suisse raised its target price to 3,500 rupees from 3,020 rupees, citing optimism about the car maker's product launches and margin expansion potential.

Credit Suisse said the stock is its "top pick" among Indian automobile majors and retained its "outperform" rating for the shares.

(Reuters)