Maruti Suzuki India, the largest passenger cars maker in India, witnessed a rise in share price on Monday after it posted a rise of 60.50% in net profit for the third quarter. Analysts on average had predicted net profit of Rs 11.45 billion.
 
The company reported a net profit of Rs 12.84 billion for the third quarter ended Mar. 31, 2015 compared with Rs 8 billion in the same period last year. Net sales for the quarter increased 12.51% to Rs 136.25 billion, compared with Rs 121.1 billion for the prior year period.

Shares of the company are trading at Rs 3,620, up Rs 80.2, or 2.27% at the Bombay Stock Exchange (BSE) on Monday at 1:52 p.m.

The scrip has touched an intra-day high of Rs 3,647 and low of Rs 3,524.30. The total volume of shares traded at the BSE is 103,452.