Business News
Maruti shares hit over ₹9,800
Maruti Suzuki India’s shares today rose by over 5%, helping the auto major to break into the top-five league of most valuable companies.
Maruti Suzuki India’s shares on Tuesday rose by over 5%, helping the auto major to break into the top-five league of most valuable companies with a market valuation of ₹2.96 lakh crore.
The scrip gained 5.33% to settle at ₹9,804.50 on BSE. During the day, it jumped 5.87% to ₹9,855.
On NSE, shares of the company were up 5.28% to close at ₹9,801.50.
The company’s market valuation surged ₹14,997.39 crore to ₹2,96,174.39 crore.
Led by the surge in its market capitalisation (m-cap), the company entered the club of top-five most valued companies list.
RIL is the country’s most valued firm with a m-cap of ₹5,85,215.73 crore followed by TCS (₹4,92,938.63 crore), HDFC Bank (₹4,87,888.91 crore) and ITC (₹3,22,499.99 crore).
So far this year, the carmaker’s stock has zoomed over 84% or 4,481.5 points.
Meanwhile, strong buying was seen in other auto stocks also today, with Hero MotoCorp rising 4.70%, Motherson Sumi Systems(3.47%), Tata Motors (3.39%), Ashok Leyland (3.33%) and Bharat Forge (3.20%).
The BSE auto index gained 3.42% to settle at 26,742.51.
