Maruti Suzuki Market Cap: Maruti Suzuki India Limited (MSIL) has become the 19th listed company to cross the Rs 4 lakh crore market capitalization mark as the company's shares so far surged over 23 percent in 2024. Maruti Suzuki stock hit a record high of Rs 12,722, up 4 percent in early trade on Wednesday i.e. today. At around 3:13 Pm the stock was trading at Rs 12488.35, up by around 2%.

Companies that cross over 4 lakh crore market cap

RIL, TCS, HDFC Bank, L&T, Bajaj Finance, Adani Energy, Adani Green, Adani Total Gas, Infosys, ICICI Bank, LIC, HUL, ITC, HCL Tech, Bharti Airtel, SBI, Adani Enterprises, Kotak Mahindra bank have so far crossed the 4 lakh crore market cap feat.

How will a weaker Japanese Yen would affect it?

Maruti's EBITDA may benefit from lower costs of imported goods and services as the Japanese yen falls to a 34-year low despite the country's exit from negative interest rates. The major currency was the yen, which depreciated 7% against the dollar in the quarter.

Reason behind Maruti Suzuki's Growth

Maruti Suzuki beat expectations in Q3FY24 as it oversaw a 33% rise in net income driven by 60% growth in the premium utility vehicle segment and strong export performance.

In March so far, the stock has gained 12 percent. In the January-March period, the stock gained 23%, which is its best quarter since the April-June period of 2020, when it gained 36%.

The recent surge in Maruti Suzuki's stock price is part of a broader upward trend, with the company gaining more than 5 percent in the last five trading sessions alone. The stock has gained 15.5% in six months. Over the past year, Maruti Suzuki shares have shown strong growth with gains of over 45 percent.