Maruti up over 5 per cent; enters league of most valued companies

File Photo. Photograph:( DNA )

PTI New Delhi Dec 20, 2017, 05.25 AM (IST)

Maruti Suzuki India's shares on Wednesday rose by over five per cent, helping the auto major break into the top-five league of most valuable companies with a market valuation of Rs 2.96 lakh crore.

The scrip gained 5.33 per cent to settle at Rs 9,804.50 on BSE. During the day, it jumped 5.87 per cent to Rs 9,855.

On NSE, shares of the company were up 5.28 per cent to close at Rs 9,801.50.

The company's market valuation surged Rs 14,997.39 crore to Rs 2,96,174.39 crore.

Led by the surge in its market capitalisation (m-cap), the company entered the club of top-five most valued companies list.

RIL is the country's most valued firm with a m-cap of Rs 5,85,215.73 crore followed by TCS (Rs 4,92,938.63 crore), HDFC Bank (Rs 4,87,888.91 crore) and ITC (Rs 3,22,499.99 crore).

So far this year, the carmaker's stock has zoomed over 84 per cent or 4,481.5 points.

Meanwhile, strong buying was seen in other auto stocks also, with Hero MotoCorp rising 4.70 per cent, Motherson Sumi Systems (3.47 per cent), Tata Motors (3.39 per cent), Ashok Leyland (3.33 per cent) and Bharat Forge (3.20 per cent).

The BSE auto index gained 3.42 per cent to settle at 26,742.51.