Maruti Suzuki on record high

Maruti Suzuki is a truly on fourth gear! The stock hit a life time high yesterday at Rs.7252.55 and today too, it hit a new record high at Rs.7385.

The stock is up on its fantastic car sales numbers. In May’17, the company sold 15% (YoY) more at 1,30,248 units. And for the country as a whole, automobile makers sold 251,642 passenger vehicles in May, 9% (YoY) up.

And the best news is that Maruti remains the top car seller and maker in the country. Out of the top 10 cars sold in May’17, 7 cars are from the stables of Maruti – Alto being the leader, followed by Swift, Wagon R, Baleno, Brezza, Dzire and Ertiga. The top four cars are all from Maruti.

Obviously, this top leadership position is what has spiked up the stock to new highs.