Maruti stock nears Rs 6,000, set to be first auto stock to hit Rs 2L cr m-cap

Shares of passenger car maker Maruti Suzuki, which contributes over half of the sales of parent firm Suzuki Motors, came closer to the Rs 6,000 mark in trade. At this price, the stock’s market capitalisation (m-cap) stood above Rs 1.8 lakh crore, a few thousand crore, or about 11 per cent, away from the Rs 2,00,000 crore mark, a level no listed auto firm in India has managed to claim so far. At the prevailing price, Maruti’s market-cap is 41 per cent higher than parent Suzuki Motors’ market-cap of 2.18 trillion Japanese yen, which roughly equals Rs 1.28 lakh crore in rupee terms. Against its nearest competitor Tata Motors (Rs 1.3 lakh crore), Maruti’s market-cap is about 41 per cent higher. M&M’s market-cap hit a high of Rs 93,002 crore in August last year.