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Thursday, 6 April 2017

Maruti Suzuki India becomes one of the top 10 companies by market capitalisation. Company’s current marketcap stands at Rs 191164 crore as on April 06, 2017 at 9.30 hours. The stock of Maruti hit all time high and a record closure at 6359 and 6342 levels respectively.

Maruti Suzuki grabs 10th position in the benchmark indices replacing Indian Oil Corporation whose marketcap stands at Rs 185641 crore as on April 06, 2017 at 9.30 hours. For the financial year 2016-17, the company’s sales came in at 1568603 units, reporting 9.8% growth. Company’s consolidated annual sales value stood at Rs 58612 crore, reporting 15.4% while net profit posted a growth of 23.4% to Rs 4699 crore in FY16.

Going forward better sales from current models and successful launches in FY16 will boost sales in coming years. Moreover, the commissioning of its Gujarat plant will deduct the waiting period for customers and thereby boost sales.

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