Maruti Suzuki India rose 0.95% to Rs 4,522.95 at 13:26 IST on BSE after the company's Japanese parent lifted its annual net profit forecast, citing better-than-expected earnings in India.
Meanwhile, the BSE Sensex was up 115.45 points, or 0.43%, to 26,706.04.
On BSE, so far 36,000 shares were traded in the counter, compared with an average volume of 56,914 shares in the past one quarter.
The stock hit a high of Rs 4,529 and a low of Rs 4,455 so far during the day. The stock hit a record high of Rs 4,762.90 on 30 September 2015. The stock hit a 52-week low of Rs 3,250 on 17 December 2014.
The stock had underperformed the market over the past one month till 3 November 2015, sliding 2.17% compared with 1.41% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 1.15% as against Sensex's 5.66% decline.
The large-cap company has an equity capital of Rs 151.04 crore. Face value per share is Rs 5.
Japanese parent Suzuki Motor Corporation lifted its full year forecast of operating income and ordinary income at the time of announcement of its second quarter September 2015 results. Suzuki also raised its full year forecast of net income attributable to owners of the parent. Suzuki said that its overseas net sales increased during the six months ended 30 September 2015, mainly owing to the increase in sales in India and Pakistan.
Suzuki left its full year net sales growth forecast unchanged at 2.8%.
Maruti Suzuki India's net profit rose 42.1% to Rs 1225.56 crore on 13.2% growth in net sales to Rs 13574.81 crore in Q2 September 2015 over Q2 September 2014.
Japanese parent Suzuki Motor Corporation holds 56.21% stake in Maruti Suzuki India (as per the shareholding pattern as on 30 September 2015).
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