Shares of Maruti Suzuki India rose over 2% on Thursday morning after the company reported a 47% increase in net profit to Rs 3,650 crore for the June quarter. On the NSE, the stock climbed 2.30% to Rs 13,417.05, while on the BSE, it rose 2.06% to Rs 13,439.55. Intraday, shares hit a 52-week high of Rs 13,680 on NSE and Rs 13,675 on BSE. The market valuation increased by Rs 15,941.78 crore to Rs 4.29 lakh crore on BSE. The 30-share BSE Sensex rose by 127 points, and the NSE Nifty gained 61.40 points. Maruti Suzuki’s net sales for the quarter rose to Rs 33,875 crore, with 5,21,868 vehicles sold.
Maruti Suzuki Shares Surge Over 2% Following 47% Jump in Quarterly Profit
