Maruti Suzuki shares rose 0.78% on Monday to Rs7,839.45 on BSE, another record high, on a day the benchmark Sensex ended 0.2% lower to 32,273.67 points. Graphic: MintNew Delhi: Maruti Suzuki India Ltd cannot seem to put a foot wrong. Suzuki Motor, which owns 56% of Maruti’s stock, saw its global sales climb to an all-time high of 741,000 in April-June (largely pushed by a 14% increase in India sales). Bhargava, a development that will raise Maruti sales to more than Rs1 trillion from Rs79,546.20 crore in 2016-17 on sales of 1.58 million units. According to Chirag Jain, an analyst at SBI CAP Securities Ltd, Maruti Suzuki’s sales will grow at a compound annual growth rate of 13% till 2019-20.

Source: Mint August 08, 2017 02:15 UTC