Maruti Suzuki share: Shares of Maruti Suzuki India, the country’s largest car manufacturing company, have increased by about 10 percent in the last three trading days. Today on January 2, a rise of 5.49 percent was seen in the shares of the company and this stock closed at the price of Rs 11837.55 on BSE. The company has recently presented its sales figures for the month of December, after which it is witnessing a rise. With today’s rise, the market cap of the company increased to Rs 3.72 lakh crore. The stock’s 52-week high is Rs 13,675 and 52-week low is Rs 9,738.40.
Maruti Suzuki sales increased by 30%
Maruti Suzuki India’s total sales in the month of December increased by 30% year-on-year to 1.78 lakh units from 1.37 lakh units in December last year. Exports also increased to 37,419 units in December from 26,884 units in December last year.
What did Maruti Suzuki say?
Speaking with CNBC-TV18 on Thursday, Maruti Suzuki’s Partho Banerjee said all product segments are performing well for the company. The company is planning to showcase the electric vehicle ecosystem at the upcoming Bharat Mobility Global Expo, and will also launch the electric Vitara at the event. Banerjee said that the company will remain technology agnostic and will focus on maintaining its market share moving forward.
Brokerage’s opinion and target on Maruti Suzuki
Brokerage firm Citi said in a note on Thursday that it was positively surprised by the 29 per cent YoY growth recorded by Maruti in the small car segment. It said the strong December figures point to the fact that there was no extraordinary inventory build-up during the festive season. Citi has given “Buy” rating to Maruti Suzuki with a target price of ₹13500.
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