H1 numbers fuel Maruti

Dalal Street Spikes

 More than 46.64 lakh shares were traded on the BSE.

 The counter moved up on good buying support after the first-half's net profit of the company is reported to have risen 467 per cent.

 MUL has posted a net profit of Rs 123.99 crore in the second quarter ended September 30, 2003.

 MUL has also reported a robust first-half April-September 2003 growth. Net profit for the first-half surged 467 per cent to Rs 244.28 crore from Rs 43.08 crore.

 Players had been building positions on the counter on expectations of a good result. This was despite the company facing problems due to a strike at a key vendor.

 Sales for the April-September 2003 period rose 31 per cent to 2,12,468 units. Analysts attribute this to cheap financing options.