Maruti Suzuki India Ltd on Wednesday Dec 20,2017 hit the Rs10,000 per
share mark for the first time and became the country’s sixth company to
cross Rs3 trillion market capitalization after its shares surged over
84% so far this year. It is the first Indian automaker to achieve this
milestone.
The stock touched a fresh record high of Rs10,000 on the BSE, up 1.5% from its previous close with a market cap of Rs3.01 trillion. The Sensex index was trading marginally higher by 0.07%; year-to-date, it rose 28%
Back in 2003, the government divested 25 per cent stake in Maruti Suzuki Limited (Maruti Udyog Ltd as it was known then) at Rs 125 per share.
The stock debuted on the exchanges on July 09, 2003 and ended the first trading at Rs 164 levels, nearly 32 per cent higher than the issue price.
From its issue price, Maruti (MSIL) has zoomed 7,900% to cross Rs 10000 mark in intra-day deals today Wednesday Dec 20,2017
The stock touched a fresh record high of Rs10,000 on the BSE, up 1.5% from its previous close with a market cap of Rs3.01 trillion. The Sensex index was trading marginally higher by 0.07%; year-to-date, it rose 28%
Back in 2003, the government divested 25 per cent stake in Maruti Suzuki Limited (Maruti Udyog Ltd as it was known then) at Rs 125 per share.
The stock debuted on the exchanges on July 09, 2003 and ended the first trading at Rs 164 levels, nearly 32 per cent higher than the issue price.
From its issue price, Maruti (MSIL) has zoomed 7,900% to cross Rs 10000 mark in intra-day deals today Wednesday Dec 20,2017
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