Maruti Suzuki hits new high; m-cap inches closer to Rs 2 lakh crore mark

The stock moved higher by 3.3% to Rs 6,580, also its record high on the BSE.

Maruti Suzuki India (MSIL) has moved higher by 3.3% to Rs 6,580, also its record high on the BSE, on expectation of strong volume growth in April-June (Q1FY18) quarter, owing to marriage season demand and uptick in rural growth.

With the market capitalization (m-cap) of Rs 198,765 crore, MSIL is Rs 1,234 crore away to join Rs 2 lakh crore m-cap club.

MSIL had reported a 15.7% year on year jump in net profit for the fourth quarter (Q4FY17), to Rs 1,709 crore. Sales revenue for the fourth quarter rose 20% to Rs 18,005 crore.  The company sold