New Delhi, Dec. 23 -- Shares of Maruti Suzuki India rose by about 1% to a record high of Rs.16,798.80 in morning trade on Tuesday, December 23, but failed to hold altitude amid stock market weakness as the auto stock slipped by about half a per cent to an intraday low of Rs.1,65,72.20 on profit booking at higher levels. Around 12:10 pm, the stock traded 0.10% down at Rs.16,623.25. Equity benchmark Sensex was flat at 85,566 at that time.

Maruti Suzuki shares have been on a roll this year, defying cautious market sentiment due to foreign capital outflow, rupee depreciation and weak earnings. The auto stock has jumped 48% year-to-date compared to a 9% rise in the equity benchmark Sensex.

Maruti share price hit its 52-week low of Rs.10,725 ...