Maruti Suzuki Market Capitalization Surpasses ₹4 Lakh Crore, Shares Locked in Over 3% Upper Circuit

Maruti Suzuki’s share price surged over three percent today, hitting a 52-week high of ₹12,724.95 on the BSE as the company’s market capitalization crossed the ₹4 lakh crore milestone during intraday trading.

On Wednesday, March 27, Maruti Suzuki shares opened at ₹12,265.05 and rose by 3.74 percent, reaching a peak of ₹12,724.95 on the BSE. The day concluded with shares settling 2.16 percent higher at ₹12,520.30 each. The automaker’s market valuation peaked at ₹4,00,075.70 crore during the trading session before closing at ₹3,94,575.23 crore.

Maruti Suzuki’s Q3 Performance

For the quarter ending December 2023, Maruti Suzuki witnessed a significant surge in its consolidated net profit, recording a growth of over 33 percent to ₹3,206.8 crore compared to ₹2,406.1 crore in the corresponding period last year. The company’s revenue also saw a substantial increase, reaching ₹33,512.8 crore, marking a year-on-year growth of 14.5 percent.

These positive financial results reflect Maruti Suzuki’s strong performance and position in the automotive market.