Country's largest car company touches record market cap, 1 share becomes worth Rs 12,550

Ronit Kawale
Ronit Kawale - Senior Editor
4 Min Read


highlights

Maruti Suzuki's market cap touched the level of Rs 4 lakh crore.
The market cap fell due to fall in share prices till the market closed.
It became the 14th largest company in the country in terms of market cap.

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New Delhi. The market valuation (MCAP) of the country's leading automobile company Maruti Suzuki India crossed Rs 4 lakh crore during the day's trading on Wednesday after the rise in the stock market. This is the highest level of its market cap. The company's shares closed 2.40 percent higher at Rs 12,550 per share on BSE. During the day's trading, it had also reached Rs 12,724.95 per share with a jump of 3.82 percent. Shares of the vehicle manufacturing company closed 2.52 percent higher at Rs 12,560 on NSE.

During trading, the market capitalization of the company had reached the figure of Rs 4,00,075.70 crore. At the close of trading the market capitalization of the company stood at Rs 3,94,575.23 crore. Talking about the stock market, the 30-share Sensex of BSE rose by 526.01 points and closed at 72,996.31 points. NSE Nifty rose 118.95 points to close at 22,123.65 points. The company is ranked 14th among the most valuable companies in terms of market capitalization.

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How was the market today?
The local stock markets regained momentum on Wednesday and BSE Sensex gained a good 526 points. NSE Nifty also reached above 22,100 points. The market remained bullish mainly due to buying in bank, vehicle and petroleum shares. The Sensex based on 30 shares closed at 72,996.31 points with a gain of 526.01 points or 0.73 percent. At one time during trading it had climbed up to 668.43 points. Out of 30 Sensex stocks, 18 were in profit while 12 were in loss. National Stock Exchange's Nifty based on fifty shares also closed at 22,123.65 points with a rise of 118.95 points or 0.54 percent. 22 shares of Nifty were in profit while 27 were in loss. There was no change in the price of a share.

profit loss
The rise in the stock market was supported by auto, bank and energy stocks. There was profit booking in companies manufacturing daily use goods (FMCG) and IT stocks. Among Sensex companies, Reliance Industries had the highest gain of 3.6 percent. This contributed 312 points to the rise in Sensex. Apart from this, Maruti, Bajaj Finance, Titan, Kotak Mahindra Bank, HDFC Bank, IndusInd Bank, Mahindra & Mahindra and Larsen & Toubro were major gainers.
On the other hand, loss-making stocks include Wipro, HCL Technologies, Nestle, Tata Consultancy Services and Tata Motors.

Tags: Business news, Business news in hindi, Maruti Suzuki

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