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Maruti Suzuki Shares Rallies 12% in 3 Days; Stock Hits ₹13,431 on Strong Outlook

Written by: Kusum KumariUpdated on: Feb 3, 2025, 11:16 AM IST
Maruti Suzuki's share price surged 12% in 3 days, reaching ₹13,431.60, driven by record sales, tax relief, and strong EV plans.
Maruti Suzuki Shares Rallies 12% in 3 Days; Stock Hits ₹13,431 on Strong Outlook
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Maruti Suzuki Share price jumped 12% in 4 days, reaching a 4-month high of ₹13,431.60 in Monday’s trade. The stock rose 4% intraday, defying the broader market decline, and is now trading at its highest level since September 30, 2024.

Stock Performance

At 9:23 AM, Maruti Suzuki was up 2% at ₹13,174.75 on the BSE, while the Sensex and BSE Auto index were down 0.75% and 0.44%, respectively. The stock previously hit its 52-week high of ₹13,675 on August 1, 2024. 

Over the past 5 days, the stock has surged by ₹1,260.45 (10.56%), while it has risen by ₹2,762.40 (26.49%) over the past year and ₹6,219.20 (89.21%) over the past 5 years. The 52-week high is ₹13,680.00, and the 52-week low is ₹10,611.10.

Market Leadership and Growth Factors

Maruti Suzuki is India’s top passenger vehicle (PV) manufacturer, holding a 41.7% market share in FY24. Its popular models include WagonR, Swift, Brezza, Baleno, Ertiga, and Fronx.

A major boost for the automobile sector comes from the Union Budget 2025-26, which raised the income tax exemption limit from ₹7 lakh to ₹12 lakh. This will increase disposable income by ₹30,000 to ₹1,10,000, allowing more people to buy new cars. 

Maruti Suzuki’s Growth Prospects

India is the third-largest passenger vehicle market globally, but car ownership is still lower than in the West and China. With rising incomes, the long-term growth outlook for the Indian PV sector remains strong, and Maruti Suzuki is set to benefit.

  • Exports are growing faster than domestic sales, boosting overall revenue.
  • The company sold a record 2,12,251 units in January 2025, including its highest-ever domestic sales of 1,77,688 units and exports of 27,100 units.

EV Expansion and Future Plans

Maruti Suzuki aims to make India a global production hub for its recently unveiled E-Vitara. The company plans to export to 100 countries and become the leader in EV production within its first year.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Feb 3, 2025, 11:16 AM IST

Kusum Kumari

Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.

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