Maruti Suzuki’s shares have jumped 53.32% this year, touched a record high of Rs. 8,200 per unit
Maruti Suzuki becomes the second best performing auto stock in the global market right next to Tesla. The Indo-Japanese automaker’s shares jumped 53.32% this year, while Tesla registered 70.20% gains in the same year. On Tuesday, Maruti Suzuki’s shares were touched record high of Rs. 8,200 per unit. The company has managed to become the 11th largest automobile brand in the world with market capitalization of $38.49 billion.
The small car giant has beaten global auto giants like Audi, Renault, Subaru and Hyundai. These companies have market capitalization of $35.23 billion, $27.31 billion, $26.7 billion and $26.46 billion respectively. Maruti Suzuki’s impressive positive performance in the stock is driven by the anticipation of the success the upcoming models are likely to bring and also based on the success of the new crop of cars it launched in recent past.
Also read: 8 Upcoming Maruti Suzuki Cars in 2017-2018
Maruti Suzuki’s new models like the new generation Dzire, Ignis, Baleno are doing pretty well. Also, the company is gearing up to roll out the models like new generation Swift, Vitara S, facelifted S-Cross, Ertiga Dreza and Ciaz facelift as well. Apart from that, it is also working on Celerio facelift, Celerio Cross, new generation Alto. All these models are expected to do well in terms of sales and this anticipation is clearly driving the buyers to opt towards buying Maruti’s shares, resulting in huge market capitalization for the brand.
Not only among the global automakers, but among BSE sensex stocks too, Maruti was the second best performing stock next to Tata Steel. On the other hand, despite being the top automaker in terms of market capitalization, Tesla is facing loss lately.
Also read: Upcoming Maruti Suzuki Celerio Facelift To Likely Debut At Auto Expo
Speaking about the Maruti Suzuki’s stock capitalization, it is likely to retain the momentum considering the facts like the long waiting periods for its major products, structured products launches, strong franchise and financial backbone.
Source: LiveMint