Results for: Maruti Suzuki India

The Indian stock market witnessed a positive trend on April 24, 2024, with both Nifty 50 and BSE Sensex closing higher. Nifty 50 gained 104.3 points (0.47%), reaching a value of ___, while Sensex climbed by 367.52 points (0.5%), closing at ___. In the BSE Sensex index, Tata Steel, Kotak Mahindra Bank, Bajaj Finserv, Power Grid Corporation of India, and Bajaj Finance emerged as the top gainers. Infosys, Hindustan Unilever, Tech Mahindra, and Asian Paints were among the top losers. Within the Bank Nifty index, Bandhan Bank, Kotak Mahindra Bank, HDFC Bank, Axis Bank, and ICICI Bank led the gains, while Bank Of Baroda and Au Small Finance Bank experienced declines.

Maruti Suzuki India shares reached an unprecedented high of Rs 13,000 on Monday, driven by optimistic forecasts for the company’s March quarter results. The automotive giant’s market capitalization surpassed 4.09 lakh crore. Leading analysts anticipate a 54.9% YoY increase in profit to Rs 4,064 crore, with revenue rising by 20.4% YoY to Rs 38,585 crore. Analysts attribute the surge in performance to a robust 19% YoY growth in the passenger vehicle segment and a stronger SUV and export sales mix.