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|1st November 2014, 14:15||#1|
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Maruti's market cap = Rs.100,000 Crore!
India's largest carmaker - Maruti Suzuki, has entered the elite club of companies with a market capitalisation of over Rs.1 lakh crores. Its share prices have hit an all time high post this news. The company's market cap as of today is Rs.1,00,844.90 crores.
The news may not come in as a surprise, especially when you consider the fact that the company has been dominating the Indian passenger car market for the past several years. Nearly 45% of the market is captured by Maruti Suzuki alone and that speaks volumes of the strong equity of the company.
Totally there are 20 companies from different sectors such as IT, banking, automobile, FMCG and oil and gas, which enjoy a market capitalisation of over Rs.1 lakh crores. The only other automobile company to have a market cap of >Rs.1 lakh crores is Tata Motors, which stands at Rs.1,72,407.81 crores as of today.
Source: Business Standard
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