Maruti overtakes Infosys, ONGC in market cap; stock up 3%1 min read . Updated: 10 Jun 2017, 12:50 AM IST
As Maruti's stock gained 3% to end at Rs7,451 on the BSE on Friday, the company's market cap increased by Rs6,562.85 crore to Rs2,25,079.85 crore
New Delhi: Maruti Suzuki zipped past Infosys and ONGC in market capitalisation (m-cap) as its stock rose by 3% on Friday, adding Rs6,563 crore to the value.
The stock gained 3% to end at Rs7,451 on the BSE. During the day, it went up by 3.25% to Rs7,469—its 52-week high. It was the top gainer on the BSE benchmark Sensex. On NSE, the stock moved up by 2.97% to close at Rs7,464.85.
Following the gains, the company’s m-cap rose by Rs6,562.85 crore to Rs2,25,079.85 crore. With this the company stood at the eighth position in the top-10 m-cap ranking chart, ahead of Infosys and Oil and Natural Gas Corporation (ONGC).
Infosys’ market valuation stood at ₹ ,17,899.66 crore, while that of ONGC was ₹ 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 ( ₹ ,34,896.92 crore) and Mahindra & Mahindra ( ₹ 8,598.83 crore).