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Bloomberg
Maruti Suzuki India Ltd. is set to become the third stock in an equity index of the nation’s top
50 companies to cross the 10,000-rupee mark, thanks to this year’s record-setting rally.
Shares of the carmaker, which accounts for about half of all cars sold in India, rose as high as 10,000 rupees for the first time on Wednesday. The stock has surged 13 percent in December, poised for its best month since July 2016.
Eicher Motors Ltd., owner of the Royal Enfield motorcycle brand, and Bosch Ltd., a maker of spark plugs and fuel injection pumps, are the other Nifty members with a five-digit price tag on their shares.
Maruti Suzuki’s market value has surged 82 percent in 2017 to about $46 billion, bringing the carmaker neck-to-neck with consumer products giant Hindustan Unilever Ltd., the fifth most- valued stock on the Nifty.