E-Paper
Maruti Suzuki stock grows 3% to overtake Infosys, ONGC in market capitalisation
Becoming the top gainer on the BSE Sensex and gaining 3% stock on NSE, Maruti Suzukistood at the eighth position in the top-10 m-cap ranking chart, ahead of Infosys and ONGC.
Maruti Suzuki zipped past Infosys and ONGC in market capitalisation (m-cap) as its stock rose by 3% on Friday, adding Rs 6,563 crore to the value.
The stock gained 3% to end at Rs 7,451 on BSE. During the day, it went up by 3.25% to Rs 7,469 -- its 52-week high.
It was the top gainer on the BSE benchmark Sensex.
On NSE, the stock moved up by 2.97% to close at Rs 7,464.85.
Following the gains, the company’s m-cap rose by Rs 6,562.85 crore to Rs 2,25,079.85 crore.
With this the company stood at the eighth position in the top-10 m-cap ranking chart, ahead of Infosys and ONGC.
Infosys’ market valuation stood at Rs 2,17,899.66 crore, while that of ONGC was Rs 2,17,074.17 crore at end of trade.
Also, the m-cap of Maruti alone is more than the combined valuation of auto majors Tata Motors (Rs 1,34,896.92 crore) and Mahindra & Mahindra (Rs 88,598.83 crore).
