Maruti Suzuki stock rose 1.53% intraday to Rs 10,241.15 against the previous close of Rs 10,086.45 on BSE. Market cap of Maruti Suzuki rose to Rs 3.20 lakh crore on BSE.
Shares of India's largest carmaker Maruti Suzuki India were in focus today after the investment bank gave a buy call to the company with an upside of 35%. Shares of Maruti Suzuki gained 1.05% to Rs 8964.55 today against the previous close of Rs 8870.55 on BSE. Maruti Suzuki shares are trading higher than 100 day and 200 day moving averages but lower than 5-day, 20-day and 50-day moving averages. The large cap stock has risen 14.23% in a year and risen 20.7% in 2022. At 10:19 am, 3179 shares of the firm changed hands amounting to a turnover of Rs 2.84 crore on BSE. Market cap of the automaker rose to Rs 2.70 lakh crore.
Shares of Maruti Suzuki hit a fresh 52-week high today after the car maker reported better than expected earnings for the quarter ended September 2022. Maruti Suzuki reported a four-fold rise in net profit at Rs 2,061.50 crore in Q2 compared with a profit of Rs 475.30 crore in the corresponding quarter last year. Sales rose 47.91 per cent year-on-year (YoY) to Rs 28,543.50 crore from Rs 19,297.80 crore in the corresponding quarter last year.