Maruti Suzuki India is trading higher by 2% at Rs 1,124 on reports that the Reserve Bank of India (RBI) has removed restrictions on foreign institutional investors (FIIs) purchasing shares of the company following the compliance of their prescribed investment limit in the company.
Meanwhile, the company from Tuesday started production at its third factory in Manesar, Haryana state, which should help the auto maker cut the waiting time for its Swift hatchback.
The stock hit a high of Rs 1,130 after opening at Rs 1,110 on the NSE. A combined 76,927 shares have changed hands on the counter on opening deals.