Car market leader Maruti Suzuki India witnessed a sharp rally in share prices on Friday after the company announced a rise of 21.71% in sales volume to 101,380 units in July 2014 compared with 83,299 units sold in July 2013.

It exported 11,287 vehicles, which was 38.42% higher compared with 8,154 units in the same month last year. Domestic sales during the month stood at 90,093 units, compared with 75,145 units in July last year, representing a rose of 19.89%.

Shares of the company are trading at Rs 2,615.55, up Rs 91.05, or 3.61% at the Bombay Stock Exchange (BSE) on Friday at 11:19 a.m.

The scrip has touched an intra-day high of Rs 2,625 and low of Rs 2,504. The total volume of shares traded at the BSE is 76,704.