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Maruti shares up nearly 3 per cent; mcap surges by Rs 5,442 crore
Shares of Maruti Suzuki India (MSI) today rose by nearly 3 per cent, adding Rs 5,442 crore to its market valuation, after the company posted a 19.5 per cent jump in total sales for April 2017.
New Delhi: Shares of Maruti Suzuki India (MSI) today rose by nearly 3 per cent, adding Rs 5,442 crore to its market valuation, after the company posted a 19.5 per cent jump in total sales for April 2017. The stock gained 2.76 per cent to end at Rs 6,705.65 on BSE. During the day, it jumped 3.13 per cent to Rs 6,730 -- its 52-week high. On NSE, it went up by 2.76 per cent to close at Rs 6,705.50.
Led by the gains, the company's market valuation rose by Rs 5,442.32 crore to Rs 2,02,564.32 crore. With this, the company surpassed the Rs 2 lakh crore market capitalisation (mcap) mark and has become the country's 10th most valued firm.
The country's largest car maker Maruti Suzuki India (MSI) yesterday posted a 19.5 per cent jump in total sales at 1,51,215 units in April, against 1,26,569 units in the same month last year. Its domestic sales rose 23.4 per cent during the month to 1,44,492 units as compared to 1,17,045 units in April 2016.
