Maruti Suzuki market cap crosses Rs 4 trillion; stock jumps 4%

The stock has zoomed 31 per cent in the last two months after Suzuki Motor Corporation said it plans to invest up to Rs 35,000 crore to set up its second manufacturing facility in Gujarat.

Maruti Suzuki India (MSIL) became the first automobile firm to touch Rs 4 trillion market capitalisation (market cap), as the stock price of the company hit a new high of Rs 12,724.95 on rallying 4 per cent on the BSE in Wednesday's intra-day trade.

MSIL’s market-cap hit Rs 400,076 crore (Rs 4.0 trillion) on the BSE in intra-day trade. At 11:53 am; the stock was trading 3.5 per cent higher at Rs 12,680.35, with a market cap of Rs 3.99 trillion, the BSE data shows.

Thus far in the month of March, the stock outperformed the market by surging 13 per cent