Introduction:
Maruti Suzuki, one in every of India’s main automobile producers, has visible its stocks climb over 6% in just two days, reflecting a wave of nice sentiment following the organisation’s marvelous income numbers. On January 2, 2025, Maruti Suzuki’s inventory surged with the aid of 3.1%, achieving an intraday high of Rs 11,570.9 in step with percentage at the Bombay Stock Exchange (BSE). By mid-morning, the inventory had won 2.73%, buying and selling at Rs eleven,527.7, outperforming the wider marketplace. The BSE Sensex, in evaluation, was up by means of 0.78% at seventy nine,120.Fifty nine points.
Strong December Sales Drive Investor Confidence
Maruti Suzuki’s recent performance has been buoyed by strong sales data for December 2024. The company reported a 29.5% year-on-year (Y-o-Y) growth in total sales, reaching 178,248 units compared to 137,551 units in December 2023. In particular, its passenger vehicle (PV) sales rose by 28.6% to 62,788 units, compared to 48,787 units a year earlier.
This uptick in sales was largely attributed to increased demand for both its domestic and export vehicles.
December Highlights
Maruti’s domestic PV sales in December stood at 130,117 units, a 24% increase compared to 104,778 units a year ago. The company’s total production, including both passenger and light commercial vehicles, also saw a significant increase of 30.15%, reaching 157,654 units in December, up from 121,028 units last year. These figures reinforce Maruti’s robust growth trajectory as it continues to consolidate its market leadership.
Maruti Suzuki Shares Surge 6% in Just Two Days: Strong Sales Drive Investor Confidence:
Analyst Optimism
Global brokerage Citi has reiterated its “Buy” rating on Maruti Suzuki, setting a target price of Rs 13,500 per share, reflecting the firm’s confidence in the company’s continued performance and strong market position. Maruti Suzuki’s market capitalization has reached Rs 3.62 lakh crore,
making it one of the most valuable companies on the BSE. The stock’s 52-week high is Rs 13,675 per share, and its 52-week low stands at Rs 9,738.4.
Yearly Performance & Future Outlook
Over the past year, Maruti Suzuki shares have outpaced the broader market, gaining 10% compared to the Sensex’s 9.2% rise. This outperformance comes on the back of steady product launches, solid sales growth, and the company’s strong brand equity in India.
Maruti Suzuki has long been a dominant force in the Indian automotive sector, producing a wide range of vehicles from hatchbacks to SUVs. The company’s consistent focus on innovation, affordability, and quality has earned it a loyal customer base, driving its continued growth in both domestic and international markets.
Conclusion:
With solid sales figures and an optimistic market outlook, Maruti Suzuki’s stock remains a strong contender in the Indian automotive space.
Investors are likely to closely watch its performance in the coming months, especially as the company continues to benefit from strong demand in the passenger vehicle segment.
FAQ:
- What is driving the recent rise in Maruti Suzuki’s share price?
- Maruti Suzuki’s share price has surged over 6% in the past two days due to positive investor sentiment fueled by strong sales growth. In December 2024, the company reported a 29.5% increase in total sales and a 28.6% rise in passenger vehicle sales, boosting investor confidence.
- What were Maruti Suzuki’s sales figures for December 2024?
- Maruti Suzuki’s total sales in December 2024 grew by 29.5% Y-o-Y to 178,248 units, up from 137,551 units in December 2023. Passenger vehicle sales increased by 28.6% to 62,788 units compared to 48,787 units last year.
- How did Maruti Suzuki’s production numbers perform in December?
- Maruti Suzuki’s total vehicle production, including both passenger and light commercial vehicles, saw a 30.15% increase in December 2024, reaching 157,654 units. Passenger vehicle production also surged by 30.15% to 155,553 units from 119,518 units in the previous year.
- How did Maruti Suzuki’s stock perform recently?
- Maruti Suzuki’s stock rose by 3.1% in early trading on January 2, 2025, hitting an intraday high of Rs 11,570.9 per share. Over the past two days, the stock has advanced by more than 6%, outperforming the broader market.
- What is Maruti Suzuki’s current market capitalization?
- As of January 2, 2025, Maruti Suzuki’s market capitalization stands at approximately Rs 3.62 lakh crore, making it one of the most valuable companies on the BSE.
- What was the growth in Maruti Suzuki’s domestic passenger vehicle sales?
- Maruti Suzuki’s domestic passenger vehicle sales grew by 24% Y-o-Y in December 2024, with 130,117 units sold compared to 104,778 units in December 2023.
- What is Maruti Suzuki’s 52-week high and low stock price?
- The 52-week high for Maruti Suzuki’s stock stands at Rs 13,675 per share, while its 52-week low is Rs 9,738.4 per share.
- How did Maruti Suzuki perform in November 2024?
- Maruti Suzuki posted a 10% Y-o-Y increase in total sales in November 2024, reaching 181,531 units. Its domestic passenger vehicle wholesales rose by 5% to 141,312 units from 134,158 units a year ago.
- What are analysts saying about Maruti Suzuki’s future?
- Global brokerage Citi has maintained a “Buy” rating on Maruti Suzuki, with a target price of Rs 13,500 per share, reflecting optimism about the company’s ongoing sales growth and strong market position.
- How has Maruti Suzuki performed compared to the broader market in the past year?
- Over the past year, Maruti Suzuki shares have gained 10%, outperforming the BSE Sensex, which has risen by 9.2%. This indicates a positive growth trajectory for the company.
- Why is Maruti Suzuki considered a leading automobile manufacturer in India?
- Maruti Suzuki is known for producing a wide range of affordable and reliable vehicles, from hatchbacks to SUVs. The company has built a strong reputation for quality and innovation, making it a dominant player in the Indian automobile market since its inception in 1981.
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