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Veena Venugopal

Carmaker Maruti Udyog is witnessing a lot of buying interest as brokerages begin to highlight the benefits of the company's plan to buy out its joint venture partner Suzuki Motor Company's stake in Maruti Suzuki Automobile India Ltd.

The company would then merge this subsidiary with itself. The deal is expected to unlock value in this counter, especially as accounting uncertainty about sales revenues between the parent and the subsidiary would be clarified. The company is also expected to significantly gain from its new plant, where higher end cars would be manufactured.

The stock which touched levels of Rs 943.90 last month, closed on Monday at Rs 881.80. It touched an intra-day high of Rs 898.90. Over 3.5 lakh shares were traded at this counter today.

More Stories on : Stocks | Ear to the ground | Maruti Udyog Ltd

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