Maruti Suzuki stock up over 3 pct

The scrip witnessed a similar trend on the National Stock Exchange,and rose by as much as 3.26 per cent to Rs 1,488 at the start of the session.

8220;Auto companies are riding high on the expectations of improved demand in the festive season. Besides,good monsoon has also boosted the sentiment of the auto stocks,8221; CNI Research CMD Kishore P Ostwal said.

Shares of other major auto companies also started the day on a smart note,with Mahindra amp; Mahindra soaring by 2.55 per cent to Rs 711. Similarly,Tata Motors also gained up to 2.15 per cent to hit an all-time high of Rs 1,120.95 in morning trade.

However,defying the trend,shares of Hero Honda were trading in the red at Rs 1,828.30,down 1.27 per cent from the previous close.