Maruti Suzuki share value at present: Automobile maker crosses Rs 4 lakh crore market cap; inventory zooms 50% in 12 months – Occasions of India

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Maruti Suzuki share value at present, Maruti Suzuki India‘s shares surged 4% on Wednesday, hitting a recent 52-week excessive of Rs 12,722.70 on the Nationwide Inventory Change (NSE). The corporate now boasts a market capitalization of Rs 4 lakh crore, becoming a member of an elite group of 13 different shares with comparable valuations above this mark.
These embody Reliance Industries, Tata Consultancy Companies, HDFC Financial institution, ICICI Financial institution, Bharti Airtel, State Financial institution of India, Infosys, LIC, ITC, HUL, L&T, Bajaj Finance, and HCL Applied sciences.
In keeping with an ET report, Maruti Suzuki India’s inventory has soared over 50% prior to now yr, with a 23% improve in 2024 to date. Whereas its 1-year returns lag behind Nifty Auto’s 77%, it has outperformed the index year-to-date, as Nifty Auto’s returns stand at simply over 14% this yr. The surge in Maruti Suzuki India’s share value is partly attributed to the weakening Japanese yen, which hit a 34-year low in opposition to the greenback just lately.
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The yen’s decline to 151.97 per greenback, the bottom since 1990, follows the Financial institution of Japan’s rate of interest hike after years of free financial coverage. Maruti advantages from the weaker yen as its import prices lower.
The corporate posted sturdy December quarter numbers, with a consolidated web revenue improve of over 33% to Rs 3,206.8 crore and a 14.5% YoY income development to Rs 33,512.8 crore.



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2024-03-27 09:40:33
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