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August 15, Wednesday 2018 10:45 AM       

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       AUTOMOBILE Next Article: GM to stop selling cars in India by 2017 end  
       Maruti overtakes Infosys, ONGC in market capitalisation
 
         Posted on :17:44:11 Jun 10, 2017
   
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       Last edited on:17:44:11 Jun 10, 2017
         Tags: Maruti, Infosys, ONGC
 
NEW DELHI: Maruti Suzuki zipped past Infosys and ONGC in market capitalisation (m-cap) as its stock rose by 3 per cent today, adding Rs 6,563 crore to the value. The stock gained 3 per cent to end at Rs 7,451 on BSE. During the day, it went up by 3.25 per cent to Rs 7,469 -- its 52-week high. It was the top gainer on the BSE benchmark Sensex.
 
On NSE, the stock moved up by 2.97 per cent to close at Rs 7,464.85. Following the gains, the company's m-cap rose by Rs 6,562.85 crore to Rs 2,25,079.85 crore. With this the company stood at the eighth position in the top-10 m-cap ranking chart, ahead of Infosys and ONGC.
 
Infosys' market valuation stood at Rs 2,17,899.66 crore, while that of ONGC was Rs 2,17,074.17 crore at end of trade.
 
Also, the m-cap of Maruti alone is more than the combined valuation of auto majors Tata Motors (Rs 1,34,896.92 crore) and Mahindra & Mahindra (Rs 88,598.83 crore).
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       AUTOMOBILE
Next Article: GM to stop selling cars in India by 2017 end
 
 
AUTOMOBILE HEADLINES
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CarToq emerges as the largest, most-engaged automobile platform in India  
Favourable taxation structure pre-requisite to launch EVs in India: Mercedes  
Toyota to build test track for self-driving cars  
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Toyota plans to hike vehicle prices next month  
 
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