Maruti Suzuki India, the largest passenger cars maker in India, surged on Thursday after global investment firm, CLSA put out an aggressive three-year target of Rs 4,500 on the stock.

The company can benefit from improved visibility of sales, CLSA said.

Shares of the company are trading at Rs 2,258.20, up Rs 89.95, or 4.15% at the Bombay Stock Exchange (BSE) on Thursday at 12:17 p.m.

The scrip has touched an intra-day high of Rs 2,288.20 and low of Rs 2,202. The total volume of shares traded at the BSE is 57,886.

In the earlier session, the shares lost 1.15%, or Rs 25.25, at Rs 2,168.25. Currently, the stock is trading down 2.45% from its 52-week high of Rs 2,315 and above 85.55% over the 52-week low of Rs 1,217.