New Delhi: Shares of Maruti Suzuki India on Monday rose over two per cent after the automaker reported an increase in total production for November.
The MSI stock was trading 2.19 per cent up to Rs 7,032.90 on the BSE.
On the NSE, the scrip gained 1.99 per cent to Rs 7,024.05.
Maruti Suzuki India (MSI) increased its production in November by 4.33 per cent, after having reduced output for nine straight months due to lower demand.
The company produced a total of 1,41,834 units in the month as against 1,35,946 units in the year-ago period, MSI said in a regulatory filing on Friday.
The share price of telecom major Vodafone Idea fell by 5.64 per cent intraday on Monday after its Chairman Kumar Mangalam Birla said the company may have to stop operations if it does not receive any relief from the government following the Supreme Court order to pay dues of Rs 92,000 crore related to the adjusted gross revenue (AGR) issue.
At 11:10 am, the stock was trading at Rs 6.53 per share against the previous close of Rs 7.31.
"We will have to shut shop," said Birla at the Hindustan Times Leadership Summit over the weekend when asked about the future course of action in the absence of government relief.
Birla said the company will have to opt for the insolvency route in the absence of relief.
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