Maruti stock price hits all time high of Rs 4,171 a piece

Shares of Maruti Suzuki India Ltd hit an all time high of Rs 4,171 a share after brokerage firm Credit Suisse set the target price for the company's share at Rs 5,100. 

The stock rose 3.02% to an all time high of Rs 4,171 before stabilizing at Rs 4,167.65 a share, still up 2.94% at 1439 hours on the BSE. 

Earlier Credit Suisse had set the target price at Rs 4,370 a share. 

Maruti sold 3,41,329 units in the first quarter of this fiscal year, a growth of 13.8% compared to the same period last year. 

The carmaker is slated to launch the S-Cross soon. It will take on the Renault Duster, Hyundai Creta and the Ford EcoSport.