Maruti Suzuki shares end 2.5% higher as sales surge in May

Mumbai: Shares of Maruti Suzuki India (MSI) on Monday closed 2.5 percent higher after the company reported 13.8 percent rise in total sales in May.

The scrip climbed 2.24 percent to end at Rs 3,870.20 on the BSE. During the day, it gained 3 percent to Rs 3,900.

At the NSE, it was up 2.56 percent to close at Rs 3,882.85.

The company's market valuation rose by Rs 2,561 crore to Rs 1,16,911 crore.

The country's largest carmaker Maruti Suzuki India today reported 13.8 percent rise in total sales in May at 1,14,825 units, against 1,00,925 units in the same period last year.

The firm said its domestic sales rose 13 percent during the month at 1,02,359 units, against 90,560 units in May 2014.

Sales of mini segment cars, including, Alto and WagonR, too climbed 20.6 percent to 35,062 units as compared to 29,068 units in the year-ago period, MSI said in a statement.