Shares of Maruti Suzuki gained momentum due to good results

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New Delhi, Oct 28 (PTI) Shares of automaker Maruti Suzuki rose nearly six percent on Friday after announcing good financial results for the second quarter of the current fiscal.

On the BSE Sensex, the company’s stock rose 4.95 percent to close at Rs 9,494.10. At the time of trading, this period also rose 5.54 percent to a 52-week high.

The company’s stock also closed up 5.59 percent at Rs 9,548 on the NSE.

With this, the market value of this listed company on BSE increased by Rs 13,534.83 crore to Rs 2,86,797.83 crore.

Maruti Suzuki stock was the top gainer on both the Sensex and Nifty indices.

The country’s largest carmaker Maruti Suzuki India (MSI) has more than quadrupled its consolidated net profit to Rs 2,112.5 crore in the second quarter of the current fiscal.

The automaker sold a total of 5,17,395 vehicles in the second quarter. This is the company’s highest sales in any quarter. During this period the company’s sales in the domestic market stood at 4,54,200 units.

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